It will help you to develop coordination and accuration. This warming up routine is called diagonal chord relay. Its have very simple pattern, but it's very effective and challenging too. It will help you prepare your guitar muscle before you shredding.
You can start everywhere on your fretboard, and do chord variation. Use strum mute switch strum mute switch approach. This technique will help you developing your control.
E ------------4--1--|-------4--1--------|
B ------4--1--3--2--|----4--3--2--1-----|
G 4--1--3--2--2--3--|-4--3--2--3--2--1--|
D 3--2--2--3--1--4--|-3--2--1--4--3--2--|
A 2--3--1--4--------|-2--1--------4--3--|
E 1--4--------------|-1--------------4--|