This is an excerpt from Thursday’s (1/28) Point of Sale retail supply chain newsletter.
Automation is playing an increasingly important role in online grocery fulfillment. Automated warehouses are not new to retail supply chains, but online demand for groceries in the U.S. never warranted them. Prior to the pandemic, roughly 4% of American grocery spending was done online, compared with upward of 15% in the U.K. and South Korea. But the pandemic changed everything for grocers. Online grocery...
Walmart is building an $800 million e-commerce site in Lancaster, Texas, aimed at supporting booming online shopping growth in the area, according to a report Wednesday by The Dallas Morning News.
The project will include two e-commerce facilities totaling 1.9 million square feet, including a 1.2 million-square-foot fulfillment center and a 700,000-square-foot cold storage facility in Lancaster, a suburb of Dallas.
Walmart has not officially announced the project. The company is named in city of...
https://www.freightwaves.com/news/walmart-to-build-800m-distribution-center-near-dallas
As e-commerce exploded in 2020, many merchants were unable to take full advantage. Those with in-house fulfillment and delivery operations thrived — those without faced uncertainty and an inability to scale their online operations.
Enter Bringg.
The global fulfillment cloud technology company has announced a partnership with Uber Direct (NYSE: UBER) to help online retailers ensure those orders are delivered safely and in a timely manner.
“Some customers have an in-house fleet to serve their...
https://www.freightwaves.com/news/bringgs-collaboration-with-uber-opens-new-doors-for-e-commerce
On its fourth-quarter earnings call Tuesday, management from logistics real estate giant Prologis Inc. (NYSE: PLD) said strong demand from the second half of 2020 has continued into the new year. “We entered 2021 with optimism and confidence,” commented CFO Tom Olinger.
The positivity stems from broad demand from the bulk of its customer base, with only hospitality suppliers struggling. Verticals touching consumer products, food and beverage, electronics, and health care are thriving. Management...
https://www.freightwaves.com/news/need-for-logistics-space-remains-high-says-prologis
Logistics real estate investment trust Prologis Inc. (NYSE: PLD) reported core funds from operations of 95 cents per share, 3 cents ahead of consensus, for the fourth quarter on Tuesday. Full-year 2020 core FFO was $3.80 per share, almost 15% higher year-over-year and 2 cents above the high end of management’s guidance range.
“The work we have done to create the best-in-class portfolio and the most efficient cost structure in the industry is delivering exceptional financial results,” said...
https://www.freightwaves.com/news/prologis-beats-q4-consensus-guidance-ahead-of-forecasts
Deliveright Logistics announced the launch of the first heavy-goods delivery app for Canadian e-commerce company Shopify (NYSE: SHOP).
Bayonne, New Jersey-based Deliveright operates a digital delivery network for heavy goods, connecting manufacturers, retailers and delivery companies to fulfill the shipment of first- and final-mile heavy freight, like furniture and exercise equipment. Through the app, Deliveright will be able to manage the logistics and final-mile delivery to consumers...
https://www.freightwaves.com/news/deliveright-and-shopify-connect-for-heavy-goods-delivery
Logistics activity continues to dominate the industrial real estate markets, according to global commercial real estate services firm Cushman & Wakefield (NYSE: CWK). The firm’s fourth-quarter outlook report highlighted the impact e-commerce is having on demand for logistics space.
Warehousing, distribution space in high demandThe report said the fourth quarter was the strongest on record for positive net absorption, the amount of space leased over that vacated, at 90 million square feet. The...
https://www.freightwaves.com/news/logistics-real-estate-activity-breaks-records-in-q4
Warehouse automation provider 6 River Systems’ first product, Chuck, is a collaborative mobile robot built to improve picking speed and accuracy. That innovation helped 6 River Systems garner the No. 23 spot in FreightWaves’ FreightTech 25.
6 River Systems has since expanded its range of products, now offering wall-to-wall fulfillment solutions for warehouses.
In the middle of the year, amid lockdowns due to the pandemic, 6 River Systems gained customers that needed its technology solutions in...
https://s29755.pcdn.co/news/chuck-helps-6-river-systems-land-in-freighttech-25
The second installment in a two-part series on the benefits of automated logistics warehouses was published Wednesday by the world’s top logistics real estate investment trust, San Francisco-based Prologis Inc. (NYSE: PLD).
The company’s research team said the key hurdles facing the logistics real estate sector have been finding skilled labor and desirable locations for new sites. Additionally, limited last-mile delivery capacity is presenting further headwinds as parcel companies are turning...
Stockbridge Capital and the world’s third-largest pension fund have entered into a joint venture to acquire 23 logistics warehouses valued at $2 billion, sources have confirmed to The Wall Street Journal.
The press release from Stockbridge Capital shows plans to acquire “core logistics properties” through a newly formed joint venture with the National Pension Service of Korea and an unnamed institutional investor. The group has committed to purchase 14.3 million square feet in Class A logistics...
https://www.freightwaves.com/news/joint-venture-will-nab-2b-logistics-real-estate-portfolio