5 Interesting Facts About the Warehousing Industry
The warehousing industry provides storage and distribution services for various goods and products. Whether you are an importer, exporter, or manufacturer, you need somewhere to store and distribute your inventory. These five interesting facts underscore a history of innovation and continuous improvement in the industry. If your warehousing partner isn’t delivering the modern features and service levels you deserve, it’s time to discuss how to improve delivery times with the help of the Van Brunt Logistics & Warehousing team.
Warehousing Is a $50 Billion Dollar Industry
The US warehousing industry made approximately $50.5 billion in 2021. The demand for e-commerce, globalization, and supply chain logistics continues to grow. If you need assistance finding affordable storage for last mile or short-term warehousing, Van Brunt Logistics & Warehousing has the in-house expertise to streamline your operations.
Warehouses Are Getting Bigger
The average US distribution center size is 672,080 square feet, with Amazon owning the largest in the world. The online giant’s warehouse at 700 Madison Square Gardens could fit in 10,000 Olympic-size pools.
Van Brunt Warehouse offers 150,000 square feet of warehouse space with over 20 truck doors to expedite shipping and receiving. Additionally, our buildings feature high security and modern sprinkler systems.
Warehouse Space Is Still Hard to Find
The US warehouse vacancy rate was 3.2% at the end of 2021. This high occupancy rate drove up rent by 11%. At Van Brunt Logistics & Warehouse, we do everything we can to optimize the space in our massive warehouse to keep cost down for customers.
Competitive Salaries Attract the Right Employees
The average hourly wage for US warehouse workers was $20.23 in 2021, and it rose more than 20% from 2008 to 2017. Van Brunt Logistics & Warehousing believes in the people we hire. By offering workers a living wage, we maximize retention. This translates to improved service and throughput for your stored items.
Innovation and Technology: A History of Continuous Improvements
The first fully autonomous warehouse was founded in Japan in 1969. In 2021, about 50% of warehouses used automation, including robots, artificial intelligence, and handheld technologies.
Van Brunt Logistics & Warehousing is fully onboard with innovation and technology that helps your move your goods from the port to the warehouse to the customer. Here are some of the core values supporting advancement in the industry:
- Digital transformation: Warehouses are leveraging digital technologies, such as cloud computing, big data analytics, blockchain, internet of things (IoT), augmented reality (AR), and virtual reality (VR), to offer continuous improvements to customers.
- Customization: Van Brunt Logistics & Warehousing is moving toward personalized services, featuring value-added services (VAS), last-mile delivery (LMD), and omnichannel fulfillment (OCF), to name just a few positive trends.
- Innovation: New technologies, such as 3D printing, biotechnology, and quantum computing, are enhancing warehouse services and processes. At Van Brunt Logistics & Warehousing, we are constantly onboarding processes that steer the industry toward more efficient customer solutions.
Contact Van Brunt Logistics & Warehousing to discuss other changes in the industry. You can request an online quote or call 908-282-7080 to find out how to put our advanced technology to work for your company.