The Real Costs of Manually-Driven Forklifts and Equipment

2 minutes to read

The Real Costs of Manually-Driven Forklifts and Equipment – Companies lose millions of dollars each year to inventory and facility damages caused by manually-driven forklifts and machinery operating within warehouses and production facilities. Companies are also increasing their exposure to work related injuries and fatalities by using manually-driven forklifts and machinery. The impact from these situations can be extremely damaging for large enterprises and can put small and mid-size companies out business.

A range of industry research reveals the dangers and sometimes overlooked costs associated with manually-driven forklifts and machinery.

  • An estimated $135 million in immediate costs are incurred each year due to forklift accidents (National Institute of Standards and Technology)
  • Collisions caused by handling equipment, such as forklifts and lift trucks, are the second most common cause of freight damage and inventory loss and accounts for almost 13.6% of all claims(TT Club)
  • Nearly 100 work fatalities occur annually due to manually driven forklifts and machinery (OSHA)
  • An estimated 110,000 forklift accidents happen each year, of which, an estimated 20,000 results in serious injuries (OSHA)
  • Almost 80% of forklift accidents involve a pedestrian (OSHA)
  • Forklift accidents cost employers an average of $48,000 per single work-related disabling injury and $1.3 million per-cost-of-death (The National Safety Council)

The most experienced forklift operators can accidentally strike a pedestrian due to factors such as poor visibility, lack of pedestrian awareness, congested pathways, poor vehicle maintenance and general employee behavior. Another factor contributing to damages and accidents is a lack of training of drivers. OSHA estimates 25% of forklift accidents are the result of improper training. If inadequate training is to blame for an accident, companies can be fined up to $70,000 by OSHA.

Falling profit margins and competition is placing increased pressure on companies. However, business leaders no longer need to take on the burden of dealing with facility and product damage or work-related accidents and fatalities caused by manually driven forklifts and machinery.

Vecna Robotics has built a full fleet of intelligent, next-generation robotic AGVs that can execute multiple tasks and manage a variety of payloads in an extremely safe manner. For almost two decades, Vecna Robotics has been developing autonomous systems that operate safely and efficiently in unstructured and collaborative environments. Safety is priority number one in the development of all our mobile robots.

Contact us to find out how our technologies can help you safely and more efficiently transport materials within your receiving, manufacturing, storage, and shipping operations and improve your bottom line.