Warehousing and storage, an act of storing and assorting the raw materials, semi-finished goods finished goods that are imported or exported, etc., so as to create maximum time utility at minimum cost. Of late, the aim is to guarantee the availability of products by the well-planned and effective demand-supply chain and stocks are kept to a minimum. Moreover, various logistics service companies operate in this business providing warehousing services to their customers across the world. The advent of E-commerce has created a lucrative opportunity in the adoption of warehousing and storage space across the world.This growth is primarily driven by Surging Adoption of Refrigerated Warehousing due to Developing Frozen Food Industry, Increasing Urbanization and Rising Number of End-User Industries and Growing Food Safety Concerns Globally.
Globally, a noticeable market trend is evident Tremendous Growth of E-Commerce Sector
. Major Manufacturers, such as CEVA Logistics (Switzerland), DHL International GmbH (Germany), Mitsubishi Logistics (Japan), Kuehne + Nagel International AG (Switzerland), UPS Supply Chain Solutions (United States), APL Logistics (Singapore), FedEx Corporation (United States), AmeriCold Logistics LLC. (United States) and 3G Warehouse (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
"The United States Warehouse Act (USWA) authorizes the Secretary of Agriculture to license warehouse operators who store agricultural products. Warehouse operators that apply must meet the USDA standards established within the USWA and its regulations. Application is voluntary. Applicants agree to be licensed under the USWA, observe the rules for licensing and pay associated user fees."
- Surging Adoption of Refrigerated Warehousing due to Developing Frozen Food Industry
- Increasing Urbanization and Rising Number of End-User Industries
- Growing Food Safety Concerns Globally
- Tremendous Growth of E-Commerce Sector
- The Emergence of Multichannel Distribution Network Globally
- Huge Initial Investment in Warehousing and Storage Setup
Increasing Investment by Numerous Key Market Players and Growth in the Demand for the Storage of Perishable Foods and Consistent Expansion of Retail Channels Globally
Lack of Awareness and Limited Adoption Rate of Warehousing and Storage among Small-Scale Industries
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