23 Nov Investing in productivity
Yesterday’s budget announcements of £500 million investment in technology, investment in transport infrastructure and £2.3 billion for R&D are all welcome news for business. It provides the building blocks to tackle economic slowdown as well as investing in the skills needed for the future.
Improving productivity is key to strong economic performance and competitive advantage. With the possibility of labour shortages post Brexit, the test for many businesses will be to find the most effective way of working efficiently while staying resilient and agile to the challenges ahead.
We know that automating processes will improve productivity and efficiency. There are many opportunities for businesses to automate – the trick is to find the right level to start with, what works for one business doesn’t necessarily for another.
Ecommerce is a great example of how intelligent warehouse automation and software enables new, creative solutions and market advantage. Starting with a simple solution that can scale up to match a business’s growth means the initial investment continues to pay for itself well beyond the initial period of ROI.
Our Q&A with Communisis shows the difference an automated system made to them. It can be found here