Warehousing and transportation companies are essential businesses during the COVID-19 outbreak. But activity at the dock doors can put workers and facilities at risk. A tool that enables you and your carriers to book dock appointments in real time reduces congestion and helps keep everyone on schedule.
In just a few weeks, Fog Software Group will be hosting its biennial User Group for its companies and their customers.
As the parent company of Argos Software, Argos customers are invited to attend this User Group event packed with fun activities, networking opportunities and invaluable software trainings and seminars that will benefit users of the various software companies under Fog Software Group‘s portfolio.
As we approach March, 2019 feels as though it is flying by already. Now is the time to check back in with your New Year’s resolutions to see if you are on track.
Online Shopping is creating demand for more warehouses and causing a stir in the 3PL industry
A report released this month from the CBRE Group, a real estate brokerage firm, shows a historic shortage of warehouse space across the U.S. mostly due to the rise of online retailing. The holiday boom in online shopping will only shrink space even further.
According to the Warehousing Education and Research Council (WERC), a minority of companies without WMS software makes up about one-third of U.S. facilities (35%).
Cultivating proper business intelligence to make your company more efficient depends on having the right executive dashboard features. Users should have the capability to access real-time and historic data in multiple ways through multiple filters. Here are just some of the features you should look for when assessing what your business needs.
A report was recently published by Supply Chain Digest, suggesting that supply chain relationships can be improved for better business moving forward. The report is an attempt to get closer to how these relationships are faring in the current moment and what parties on both sides need to make them stronger and more efficient. The editors surveyed over 44 retailers and 165 consumer goods manufacturers including companies like Procter & Gamble, Target, Big Lots, Home Depot, Nike, and JC Penney.
Commercial real estate firm JLL just announced the top ten markets for warehouses. Released in late June, the firm linked both industrial real estate and population growth to determine which markets are expected to boom in coming years.
Walmart and PepsiCo are the companies with the best supply chain management, according to a new report by Kantar-Retail Poweranking, a retail analytics firm in Norwalk, Connecticut. According to the company, over 550 manufacturer and retailer respondents participated in the annual study.
Warehouse and distribution space is expanding rapidly in the U.S. due to strong demand. According to a new report by the CBRE Group, a global investment firm located in Los Angeles, pro forma rents exceeded breakeven rents by 20-40%.
New warehouse development has not been hindered by the spike in construction costs, mostly because the supply of modern logistics facilities is limited. The majority of construction costs is represented by land acquisition; today, land costs range between $45-to-$170 per square foot.
The most expensive part of the country to build a 500,000 square-foot warehouse is Los Angeles, followed by Inland Empire, California; central New Jersey; Portland, Oregon; Pennsylvania’s I-78/81 corridor; Houston, Texas; Chicago, Illinois; Phoenix, Arizona; Dallas/Fort Worth; and Atlanta, Georgia.
The biggest boom right now is in Atlanta, Dallas/Fort Worth, and Inland Empire. However, the greatest rent spread between pro forma rents and breakeven rents is: Chicago at 43%; Atlanta at 38%; Phoenix at 35%; Pennsylvania’s I-78/I-81 corridor at 30%; and Los Angeles at 27%.
David Egan, CBRE’s global head of industrial and logistics research, said that the traditional perception that oversupply will threaten the market is wrong. Instead, he said “there is a very big spread between kind of the bottom line breakeven and the pro forma rents” which “means the market will generally absorb what the developers need.
“The economics are on the side of the developers, and there is a good case to be made for the developers to continue to build. Things are not getting overheated, and if the market does soften a bit, there is a cushion to move the rents a bit and still make money. There is good economic reason for development,” he said.
How have you expanded your warehouse and distribution space over the last few years? If you haven’t, do you have plans in the future? If so, what are factors that have led you to expand? Please let us know in the comments below!