BITA Predicts 'Strong' 2021 for Material Handling
Like many industries, material handling has been impacted badly by the ongoing COVID situation. Positively, that could all be about to change according to the British Industrial Truck Association (BITA). A recent Oxford Economics Report suggests that the overall UK economy will rebound in 2021 with demand for material handling as usual being at the forefront. The reliability of these sources points to a very optimistic outlook moving forward with the suggestion that the industry is over the worst of the recent decline. Quarter 2 of 2020 was the lowest point that material handling has since in recent memory but since May orders have steadily picked up and as long as this trend continues 2021 will see the industry rebound, albeit at a slower pace than previous years. The obvious rise in e-commerce since the pandemic has ultimately given the material handling sector some hope for the longer term and despite the rise in automation and new technology, forklift trucks and particularly Counterbalance products are still a must for the majority of customers who need to move goods quickly. The MHE providers who embrace new technologies and find ways to integrate solutions effectively will be those who benefit the most over the next year and reap the most from the recovery. Equally, these organisations will need to keep an eye on any government changes in relation to energy efficiency to ensure they can adapt to this.
Source - https://www.shdlogistics.com/bita/bita-forecasts-strong-2021