In today's business world, automation is increasingly important for boosting efficiency and staying competitive. However, many companies face the challenge of securing the necessary funding for automation projects. This news article highlights key points from our webinar "Overcoming Funding Hurdles for Automation" and provides valuable insights on how companies can overcome these hurdles.
Companies are increasingly recognizing the necessity of automation due to several key factors:
The webinar addresses the challenges companies face when financing automation projects. Gain valuable insights and practical tips from experts Lou Leonardis (Chief Financial Officer NA) and Nathan Wolf (Sales Director NA).
One of the biggest hurdles in implementing automation projects is access to capital. Companies need to carefully consider which projects to finance as available funds are often limited. Additional challenges include higher interest rates and uncertainty about future order volumes, especially in e-commerce environments.
To overcome these hurdles, several approaches can be considered:
A common misconception is fixed warehouse automation equipment cannot be leased. The truth is, TGW Logistics has relationships with business partners that offer equipment leases. Leasing frees up capital for other investments and significantly improves the ROI related to the business case for warehouse automation.
Automation is a powerful tool for increasing operational efficiency and staying competitive. However, financing such projects can be challenging. By understanding the various financing options, conducting thorough ROI analysis, and utilizing financing partners, companies can successfully overcome these hurdles. With the right approach and planning, companies can overcome financial barriers and fully leverage the benefits of automation.
For more information or questions on this topic, our experts Lou Leonardis and Nathan Wolf are available to assist.
