Hyundai Glovis to start offering 'smart logistics solutions'
The company said Sunday that it is offering customized automated smart logistic management systems, including Warehouse Control Systems (WCS), which will improve efficiency by up to 30 percent.
It said it will develop smart facilities most appropriate for clients. A simulation will be run before the solutions are applied.
The company stressed its 20 years of experience in operating logistic centers.
Hyundai Glovis recently signed an exclusive sales agreement with Buchs, Switzerland's Swisslog for the Korean market.
The Korean company is the agent for two Swisslogs automation systems, including PowerStore, a robotic storage and retrieval system, Cyclone Carrier, an automated shuttle system.
Swinglog is considered the market leader in automated storage systems, offering its services in 50 countries.
Hyundai Glovis on Friday said the global market for smart technology implemented in warehouses is expected to grow significantly with the rapid expansion of online commerce.
The pandemic has contributed to the surge in online shopping and delivery.
Hyundai Glovis projects the global smart logistics market to grow 11.5 percent a year to $47.6 billion between 2018 and 2023.
In Korea by 2025, the smart logistics market is expected to be worth 1 trillion won.
"By offering a smart logistics solution service, which will revolutionize warehouses, we hope to contribute to the successful operation of our clients," said a Hyundai Glovis official. "We plan to achieve competitiveness through our own unique business models."
BY LEE HO-JEONG [firstname.lastname@example.org]