Economy
Germany Automated Storage and Retrieval System (ASRS) Industry to Grow at a CAGR 6.4% from 2022 to 2027
Chicago, June 22, 2023 (GLOBE NEWSWIRE) — According to a research report Germany Automated Storage and Retrieval System (ASRS) Market by Function (Storage, Distribution, Assembly), Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load), Micro Fulfilment Center, Dark Stores, Industry and Region – Global Forecast to 2027″, published by MarketsandMarkets, Germany Automated Storage and Retrieval System (ASRS) Industry to Grow at a CAGR 6.4% from 2022 to 2027.Germany to witness high growth of the ASRS marketAn Automated Storage and Retrieval System (ASRS) is a highly advanced material handling system that utilizes computer-controlled material handling systems to automatically deposit and retrieve items from assigned storage locations. An ASRS obtains high accuracy, efficiency, and high-throughput inventory management in automotive, chemical, aviation, electronics & semiconductor, e-commerce, retail, food & beverage, healthcare, and metals & heavy machinery. The system includes a range of racks, shelves, bins, and automated machineries like cranes, conveyors, and shuttles that efficiently transport items to and from storage locations. As per a report by MarketsandMarkets, the ASRS market is estimated to reach USD 11.8 billion by 2027; it is projected to grow at a CAGR of 7.4% during 2022−2027. Factors such as the thriving e-commerce industry, high demand from the automotive industry, and increasing need for better inventory control in several sectors are contributing toward the accelerating ASRS market.Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=195267987Europe is one of the major regions contributing to the growth of the global ASRS industry. Further, Germany is one of the largest markets for the ASRS, as the country is a key automotive manufacturing hub, and most key players, such as SSI Schaefer, BEUMER, KION, and KUKA, are based in Germany.The automotive industry is among the most crucial sectors in Germany and is home to some of the key global players such as Volkswagen, BMW Group, Audi, and Mercedes-Benz. In recent times, there has been a significant rise in demand for the ASRS from the automotive industry as ASRS provides several advantages which increase inventory efficiency. ASRS in automotive warehouses and inventories provides benefits such as reduced labor costs, improved accuracy and efficiency in material handling, and increased storage density.INQUIRY BEFORE BUYING : https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=195267987Furthermore, as e-commerce rapidly rises, companies opt for automated warehouses to save floor space, labor, and time and gain better control over inventories. The ASRS system in warehouses or inventories helps improve floor space utilization, providing increased storage capacity, reduced picking time, and improved picking throughput. There is a great demand for alternative shopping experiences such as click-and-collect. Therefore, customer attraction and retention substantially depend on effective inventory management and localized delivery capabilities. Most solutions are embraced by shuttle-based ASRS, set up by management systems integrating artificial intelligence (AI) capabilities. Overall, the implementation of the ASRS market in Germany is anticipated to be in demand with the growing number of logistics and warehousing operations in several industries.Top Key Market Players in Japan Automated Storage and Retrieval System (ASRS) companies Daifuku (Japan), Murata Machinery (Japan), SSI Schaefer (Germany), TGW Logistics (Austria), and Kardex (Switzerland) among othersSee Also :Japan Automated Storage and Retrieval System (ASRS) MarketAbout MarketsandMarkets™
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© Reuters. Russian Central Bank Governor Elvira Nabiullina attends a news conference in Moscow, Russia June 14, 2019. REUTERS/Shamil Zhumatov/File Photo
MOSCOW (Reuters) – Russia’s central bank will need two to three months to make sure that inflation is steadily declining before taking any decision on interest rate cuts, the bank’s governor Elvira Nabiullina told RBC media on Sunday.
The central bank raised its key interest rate by 100 basis points to 16% earlier in December, hiking for the fifth consecutive meeting in response to stubborn inflation, and suggested that its tightening cycle was nearly over.
Nabiullina said it was not yet clear when exactly the regulator would start cutting rates, however.
“We really need to make sure that inflation is steadily decreasing, that these are not one-off factors that can affect the rate of price growth in a particular month,” she said.
Nabiullina said the bank was taking into account a wide range of indicators but primarily those that “characterize the stability of inflation”.
“This will take two or three months or more – it depends on how much the wide range of indicators that characterize sustainable inflation declines,” she said.
The bank will next convene to set its benchmark rate on Feb. 16.
The governor also said the bank should have started monetary policy tightening earlier than in July, when it embarked on the rate-hiking cycle.
© Reuters. FILE PHOTO: Workers walk past an under-construction area with completed office towers in the background, in Shenzhen’s Qianhai new district, Guangdong province, China August 25, 2023. REUTERS/David Kirton/File Photo
SHANGHAI (Reuters) – China’s top planning body said on Saturday it had identified a second batch of public investment projects, including flood control and disaster relief programmes, under a bond issuance and investment plan announced in October to boost the economy.
With the latest tranche, China has now earmarked more than 800 billion yuan of its 1 trillion yuan ($140 billion) in additional government bond issuance in the fourth quarter, as it focuses on fiscal steps to shore up the flagging economy.
The National Development and Reform Commission (NDRC) said in a statement on Saturday it had identified 9,600 projects with planned investment of more than 560 billion yuan.
China’s economy, the world’s second largest, is struggling to regain its footing post-COVID-19 as policymakers grapple with tepid consumer demand, weak exports, falling foreign investment and a deepening real estate crisis.
The 1 trillion yuan in additional bond issuance will widen China’s 2023 budget deficit ratio to around 3.8 percent from 3 percent, the state-run Xinhua news agency has said.
“Construction of the projects will improve China’s flood control system, emergency response mechanism and disaster relief capabilities, and better protect people’s lives and property, so it is very significant,” the NDRC said.
The agency said it will coordinate with other government bodies to make sure that funds are allocated speedily for investment and that high standards of quality are maintained in project construction.
($1 = 7.1315 renminbi)
© Reuters. Russian Central Bank Governor Elvira Nabiullina attends a news conference in Moscow, Russia June 14, 2019. REUTERS/Shamil Zhumatov/File Photo
MOSCOW (Reuters) – Russia’s central bank will need two to three months to make sure that inflation is steadily declining before taking any decision on interest rate cuts, the bank’s governor Elvira Nabiullina told RBC media on Sunday.
The central bank raised its key interest rate by 100 basis points to 16% earlier in December, hiking for the fifth consecutive meeting in response to stubborn inflation, and suggested that its tightening cycle was nearly over.
Nabiullina said it was not yet clear when exactly the regulator would start cutting rates, however.
“We really need to make sure that inflation is steadily decreasing, that these are not one-off factors that can affect the rate of price growth in a particular month,” she said.
Nabiullina said the bank was taking into account a wide range of indicators but primarily those that “characterize the stability of inflation”.
“This will take two or three months or more – it depends on how much the wide range of indicators that characterize sustainable inflation declines,” she said.
The bank will next convene to set its benchmark rate on Feb. 16.
The governor also said the bank should have started monetary policy tightening earlier than in July, when it embarked on the rate-hiking cycle.
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