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The electricity generation, transmission, distribution, and consumption processes, within the vast industrial landscape, are undergoing dramatic changes. On the production side of the business, the pressure is on the utility companies to include greener approaches to production and to improve efficiency at every stage of the process. However, on the consumption side of the business, governments are encouraging optimal energy usage and are providing incentives for the same, through various programs. With the advent of robust information and communication technologies, and new transmission and distribution (T&D) technologies, smart grids are enabling the mitigation of the imbalance between the demand and supply of energy, and are enhancing the utility’s ability to balance load, stabilize the grid, and improve resilience. Although the technological trend has drastically advanced within the sector, there is a lot more to be done to make the industry eco-friendly. Demand response encompasses several different strategies, by which the commercial electricity customers are incentivized to adjust in the short-term, when they use electricity in contrast to energy efficiency and energy conservation, which seek to reduce total electricity load. Demand flexibility can also help providers in some cases, to avoid or defer investments in central generation, transmission, distribution, and peaking power plants.

Enterprises are focusing more and more on adopting diverse technologies for their business operations, in a bid to reduce their overall costs and gain a competitive advantage over their rivals. Vendors of material handling solutions have gradually veered toward the modern approach of helping end-users focus on the space and time utility of their operations, by manufacturing flexible systems that can seamlessly integrate with other systems as a part of the overall material handling plan.  For instance, AS/RS have emerged as one of the most dynamic solutions in the field of material handling equipment and are mainly deployed in warehouses and distribution centers. Despite gaining initial traction in the manufacturing sector, other sectors such as food & beverage, life sciences, etc. have gradually realized the benefits of using AS/RS across various phases in the supply chain, ranging from mundane to complex tasks.