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E-commerce need for warehouse space
The Need for 1B+ Sq Ft of Warehouse Space, pt 3 Industry Outlook

The Need for 1B+ Sq Ft of Warehouse Space, pt 3: Saving Graces

This is part 3 of a 3-part series. Part 1, Rattled Supply Chains, discusses the inability of Just-In-Time (JIT) logistics to adjust to recent demand shocks. Part 2, Innovated Spaces, discusses the severity of effects multi-channel retailing and the lockdowns of COVID-19 had on brick-and-mortar businesses. In Part 3, Saving Graces, we discuss how the fulfillment industry is adjusting to…
Warehouse
The Need for 1B+ Sq Ft of Warehouse Space, pt 2 Industry Outlook

The Need for 1B+ Sq Ft of Warehouse Space, pt 2: Innovated Spaces

As we discussed in Part 1 of this series, Rattled Supply Chains, the rise of eCommerce has strained a global supply chain that was too focused on Just-in-Time (JIT) logistics. Retailers were left without enough inventory to meet the demand shocks of COVID-19. As supply chains began to normalize later in 2020, retailers also found themselves without enough warehousing space…
The Need for 1B+ Sq Ft of Warehouse Space, pt 1 Industry Outlook

The Need for 1B+ Sq Ft of Warehouse Space, pt 1: Rattled Supply Chains

Before the coronavirus pandemic, online shopping was rising steadily. Adjusting fulfillment strategies to match that pace was a challenging but obtainable goal. The year-over-year growth between 2018 and 2019 of 14.9% was respectable. However, it did not prepare companies, or their supply chains, to meet the 93% growth seen in May of 2020. While the shift toward eCommerce has been…