A study by a consulting firm has found that higher interest rates and slowing economies, as well as Amazon.com Inc.’s reduced spend on facilities, is resulting in a short-lived slowdown in global warehouse and fulfillment center construction.
Just 6,700 warehouses have been added to the global building stock in 2023. That’s a reduction of 35% compared with 2022, but still higher than pre-COVID levels, London-based Interact Analysis predicted.
“Consequently, demand for end-to-end automation...
https://www.freightwaves.com/news/global-warehouse-fulfillment-construction-seen-waning