Warehouses are the large, often nondescript structures where goods are stored, packed, tagged and distributed to destinations around the globe. While they already play an important role in any supply chain, today these facilities are undergoing major changes in both their dimensions and complexity.
Experts say one reason for the change is the rapid rise of e-commerce retail sales. In fact, according to the U.S. Census, e-commerce today makes up 12% of retail sales and is growing 15 to 20% every year.
As e-commerce retail sales continue to grow, the need for warehouses and fulfillment centers that meet the needs of online retailers and brick-and-mortar stores is also rising, says James Breeze, senior director and global head of industrial and logistics research at CBRE Group Inc. Read the article here.