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Summitt Hogue and Joe Lynch discuss what kills warehousing companies. Summitt is the founder of Growe , a Dallas-based commercial realestate firm focused exclusively on serving the various needs of third-party logistics companies across the United States.
Warehousing is an essential part of the global supply chain. Warehousing plays a critical role in the success of businesses across various sectors. It would be nice to know how many warehouses there are and how fast these numbers are growing. Retailers, manufacturers, and distributors own more warehouses than 3PLs.
The transportation, logistics, and energy storage sectors are undergoing profound transformation, driven by rapid technological advancements, evolving consumer expectations, and the global pursuit of sustainability. In transportation and logistics, this has manifested as a significant focus on electrification and renewable energy integration.
Supply chains around the country are in great need of warehouse and transportation workers. Just last month I noted that warehouse labor productivity was hindered extensively by COVID-19 and that 80 percent of ARC’s warehouse survey respondents anticipate an increase of order throughput volumes in 2021. Why is that?
Amazon Aims to Sublet, End Warehouse Leases as Online Sales Cool. The excess capacity includes warehouses in New York, New Jersey, Southern California and Atlanta, according to an article in Bloomberg.com that referenced anonymous sources. The post This Week in Logistics News (May 21 – 27) appeared first on Logistics Viewpoints.
I engaged in numerous discussions with robotics executives last year as I was developing ARC Advisory Group’s mobile warehouse robotics (AMR) research. I asked if he would share some insights with Logistics Viewpoints readers. We design and manufacture our own warehouse automation subsystems and full (and robust) software suite.
Driven by omni-channel growth and multinational expansion, the global logistics industry is booming — and it’s expected to reach $18 trillion in value by 2030. They need new trucks, new warehousing space, new micro-fulfillment facilities — but high interest rates and rising realestate prices make them reluctant to invest.
Nourhan Beyrouti and Joe Lynch discuss building a global logistics juggernaut. Nourhan is Global Chief Revenue Officer at AJEX Logistics Services , Saudi Arabia’s fastest growing transportation company. He aspires to be a game-changer, bringing joy and exceptional experiences to the retail and realestate industries.
And now on to this week’s logistics news. bans exports by Oregon freight-forwarder in warning shot to industry Container losses fall to record low Warehouse wages rise to average of $18.99 bans exports by Oregon freight-forwarder in warning shot to industry Container losses fall to record low Warehouse wages rise to average of $18.99
Finding the right warehouse is arguably one of the most important decisions your company will make. It has the potential to be not only be a powerful, industry-leading storage and shipping center, but also the literal hub of your logistics — including returns, reshipments, and other nuanced supply chain tasks.
Demo Perez and Joe Lynch discuss Panama: the logistics engine of Latin America. As a visionary leader, he specializes in creating growth opportunities by designing innovative logistics solutions that enhance efficiency, safety, and market access across the region. IPL Group specializes in Latin American warehousing and distribution.
And now on to this week’s logistics news. Warehouse vacancy rates sink to 27-year low. In early April, employees at an Amazon warehouse on New York’s Staten Island made history by becoming the first Amazon warehouse to vote to join a union (JFK8 fulfillment center). Do other warehouses follow suit and join a union?’
Blake serves as the Vice President of Safety for Ruan Transportation Management Systems , a family-owned dedicated logistics provider since 1932. Blake was raised in Williamsburg, Iowa and earned his undergraduate degrees in Finance, RealEstate, and Marketing from the University of Northern Iowa. The company has 1.5
When it comes to the logistics industry, whether it's transportation management contracts or warehouse contracts, there are a million moving parts, and as many questions. In the below is a real world example of a consultant coming to a third party logistics company with the goal of choosing a warehouse and 3pl provider.
According to recent statistical data, vacancy rates for industrial realestate across North America have been declining since 2020 and reached an all-time low in the third quarter of 2022. As a result, inventory managers have to explore new ways to cope with full warehouses. appeared first on Logistics Viewpoints.
As a result, warehouse space is scarce and rents are on the rise – a trend that could continue “for at least another two years,” according to a recent report from commercial realestate services firm JLL Inc. But when inventory sits outside in a trailer, it may as well be in a black hole.
With e-commerce growth, infrastructure legislation, and increasing interest in last-mile warehousing as driving forces of the industrial realestate market, the demand for industrial realestate space continues to remain steady from 2017. Read More.
ARC Advisory Group’s research on the warehouse technology markets ( WMS , Warehouse Automation , and Mobile Warehouse Robotic s) shows that 3PLs are prominent investors in technology. I asked Alan a few questions to obtain his perspective on the 3PL warehousing environment. appeared first on Logistics Viewpoints.
An ecommerce fulfillment warehouse in the USA sends the wrong packages to customers. On top of all that, billions if not trillions of dollars worth of potential working capital are tied up in illiquid assets such as 90-day invoice payouts or even the realestate value of, say, a warehouse or factory building.
Fewer labor resources are available to meet the rising demand in both the warehouse and in transit. Limited available realestate has further led to challenges as construction came to a halt in the past year. Port backlogs, cargo limitations on container ships, and a lack of available equipment and port facility staffing.
By Joe Oliaro (pictured) Chief RealEstate Officer, Wagner Logistics The post Multi-Client Warehousing Solutions to Help Address Space Shortage appeared first on IT Supply Chain.
Distribution strategy is one of the areas of focus for Matt and the Colliers RealEstate team. Matt McGregor is a Global Executive Vice President specializing in industrial commercial realestate portfolios for industrial companies. Logistics and Supply Chain RealEstate Advisors. About Matt McGregor.
Rather than invest in large-scale automation projects and robotics, which can require long lead times and significant investment, Baptist chose to implement the Lucas Warehouse Optimization Suite, which is powered through unique AI-based optimization software. To read the full article, click HERE.
The evolution of warehousing has been a fascinating journey, mirroring the broader transformation of supply chains. Warehousing has undergone a dramatic transformation, evolving from a simple storage function to a critical strategic asset within the modern supply chain.
Third-party logistics companies ( 3PLs ) specialize in distribution, warehousing and fulfillment services. The core competency of these companies is logistics , and they do it well. Even Amazon used third-party logistics companies when the company first started, until reaching sufficient scale to have a logistics arm of its own.
Thanks to the popularity of e-commerce, warehouses are some of the hottest properties in realestate. Phillips ( @EricaEPhillips ) reports some retailers were so desperate to find warehouse space this past holiday season they created pop-up warehouses in vacant suburban lots and parking garages.[1]
In the meantime, here’s the supply chain and logistics news that caught my attention this week: Amazon serves up 1 billion items through Prime over holidays (The Mercury News) Swamped With Inventory, U.S. Running Out of Warehousing Space. warehouse vacancy currently stands at 4.3%, according to real-estate firm CBRE Inc.,
How to properly optimize your logistics network with network design. The solution should account for actual location variable costs such as labor, realestate, taxes, and other geographical factors. This candidate list is used to fully analyze a real network based on real locations, with real addresses.
At the beginning of 2020, the commercial realestate market was looking great. As these markets continue to grow the future of industrial realestate will have a huge impact on supply chain expansion. This creates a demand for more warehouses under 120,000 sq. Rental Rates Will Increase. Supply Will Outpace Demand.
Today’s logistics empire is not your grandfather’s or even your father’s logistics operation. Consumers are expressing an unprecedented amount of power through eCommerce, and in fact, eCommerce logistics is growing increasingly reliant on small parcel and package delivery options daily. Warehousing Expansion Is a Must.
I engaged in numerous discussions with robotics executives last year as I was developing ARC Advisory Group’s mobile warehouse robotics (AMR) research. I asked if he would share some insights with Logistics Viewpoints readers. We design and manufacture our own warehouse automation subsystems and full (and robust) software suite.
Demand for warehouse space is creating a realestate boom. It doesn’t come as much of a surprise that demand for warehouse space is increasing, driving spending on realestate. It’s a recipe for warehouse expansion and the trend is playing out in the marketplace.
Demand for warehouse space is creating a realestate boom. It doesn’t come as much of a surprise that demand for warehouse space is increasing, driving spending on realestate. It’s a recipe for warehouse expansion and the trend is playing out in the marketplace.
Part of the growth came from targeting diverse property types, from trucking companies and repair shops to storage facilities and realestate investors. The interplay between warehousing costs and inventory levels was a big theme in May. Warehouse capacity fell 5.4 points in May to 50, while warehousing prices rose 0.2
We are constantly told by RealEstate companies that the three most important elements of any realestate purchase are location, location, location. But does this really hold true for industrial realestate and in particular distribution centres (DCs) and warehouses? I would like to argue… not quite!
But can the pace of these changes affect the realestate industry in major ways? As rapid change takes place in online ordering and fulfillment for retail, consumer goods, distribution, and third-party logistics (3PLs), the needs for realestate space change too. You bet it can. Facts Behind Pace of Change.
This article delves into the changes that new commercial business models, customer expectations, and technology are bringing about in the logistics environment, focusing particularly on how those changes are impacting the planning, procurement, design, layout, and operation of distribution centres.
Successful supply chain management includes successful Facilities Management , meaning the facilities must work at maximum efficiency to meet guest demands, explains Inbound Logistics. However, supply chain facilities can range from warehouses to forward-stocking locations in the supply chain network. GET YOUR COPY HERE.
Are you looking for logistics management books? In this article, we will show you 5 books that'll help you learn logistics faster than any other logistics book. In the United States, the median wage for a Logistics Manager is around $70,000 annually. Best Logistics Book for Beginners: 1.
We’ll explore a few general solutions offered by leading technology platforms that retailers and logistics providers alike should consider: Carrier Allocation: Optimize cost and reduce risk by expanding partnerships with carriers and delivery service providers, improving capacity and flexibility. Technology can help.
would need over 452,000 more warehouse workers. [6]. That goes double for cold storage warehouses, where the new surge in online groceries and meal kits is creating a huge demand for their services and pushing them into e-commerce fulfillment operations more than the old pallet-in, and pallet or case out model.
An eCommerce boom and ongoing supply chain disruptions created record low vacancy and historically high rents for industrial realestate around the country. The situation has become even more desperate in busy international port cities like Los Angeles.
Nasdaq: MSFT) is moving its European logistics activities from Germany to the Netherlands as a risk-avoidance measure related to its ongoing legal battle with Motorola Mobility Inc. Emerging Trends News & Info Professional Communications RealEstate Supply Chain Risk' NYSE: MMI).
Vacancy rates for distribution warehouse space are near all-time lows and that’s forced shippers and 3PLs to rethink traditional strategies to support growth. We recently talked with KANE’s Chief Commercial Officer, Stan Schrader, about the impact of the realestate shortage on current product distribution.
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