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ARTICLE · 14 FEBRUARY 2022

Blockchain For Digital Logistics And Smart Warehouses

Foley & Lardner LLP
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Manufacturers spend a pretty penny managing inventory logistics (the management of inbound and outbound flows of goods) and inventory warehousing (the receipt, storage, and distribution of goods).

United StatesTechnology
Eric L. Sophir
Eric L. Sophir
Eugenia Wang
Eugenia Wang
Kathleen Wegrzyn
Kathleen Wegrzyn
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Manufacturers spend a pretty penny managing inventory logistics (the management of inbound and outbound flows of goods) and inventory warehousing (the receipt, storage, and distribution of goods).

In good times, controlling logistics costs presents a challenge.  In times of global disruption, the costs can border on unmanageable.1  COVID-19 alone caused huge shortages of consumer products and surges in shipping costs.

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In the warehousing sector, a combination of pandemic-driven demand and big-box stores racing to compete with Amazon have caused the cost of warehouse space to skyrocket.3  Companies also face continually increasing warehouse costs due to a rise in construction costs, as well as an increase in investment in sophisticated warehouse robots to automate warehousing.4

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