The final mile inside warehouses ー Point of Sale

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Warehouse real estate is at a premium right now and crucial to retailers’ final-mile strategies heading into peak season. 

Deema Adada,...

https://www.freightwaves.com/news/the-final-mile-inside-warehouses-ー-point-of-sale

The warehouse paradox: Looking to remnant spaces

Warehouse shot

As consumers become more willing to open up their wallets and e-commerce continues to surge, acquiring warehouse space near customers is more important than ever. Space is also more expensive than ever. In an environment where everyone is scrambling to claim their share of this finite resource, maybe the best strategy is not to use warehouse space at all.

On the surface, this hardly sounds like a reasonable solution. While it may sound counterintuitive, Warehouse Exchange CEO Grant Langston...

https://www.freightwaves.com/news/the-warehouse-paradox-looking-to-remnant-spaces

Prologis sees record rent growth for logistics space

Logistics real estate market tightens further

Management from logistics real estate investment trust Prologis Inc. (NYSE: PLD) on Monday raised the company’s 2021 rent growth forecast by 40 basis points to 10.3% in the U.S and by 300 bps to 8% globally.

Rents in the U.S. were up nearly 7% in the first half of the year, which was a record.

“There’s an ability to push through pricing today,” Hamid Moghadam, chairman and CEO, said on a call with analysts. “You have retail sales jump 20% from pre-pandemic levels and a supply chain that’s drying...

https://www.freightwaves.com/news/prologis-sees-record-rent-growth-for-logistics-space

Fetch and Körber rolling out integrated case pick-to-pallet solution

Fetch Robotics, Korber integrated case picking solution

It’s a tough time to be a warehouse operator. Many must contend with a dwindling labor supply while taking on skyrocketing demand brought about by the rise of e-commerce, making it tricky to capitalize on the influx of orders. But what if, rather than relying on the limited supply of skilled warehouse workers, an operator could eliminate the need for new hires entirely?

Fetch Robotics announced Wednesday a partnership with supply chain solution provider Körber to unveil a scalable case...

https://www.freightwaves.com/news/fetch-and-korber-rolling-out-integrated-case-pick-to-pallet-solution

Geodis, Knapp team up to overhaul unnamed major retailer’s fulfillment system

Geodis Knapp collaboration to automate fulfillment system

Global supply chain operator Geodis announced Monday that it has entered into a collaboration with intelligent automation and specialized software solution provider Knapp to debut a highly automated order fulfillment system for a leading specialty retailer. With an investment of over $50 million, Geodis will bring a new design and innovative technology to the unnamed national retailer’s fulfillment infrastructure by August 2022.

“Geodis’ investment in Knapp’s technology demonstrates our ongoing...

https://www.freightwaves.com/news/geodis-knapp-team-up-to-overhaul-unnamed-major-retailers-fulfillment-system

Kroger partnering with KNAPP to automate Great Lakes Distribution Center

Kroger Co., America’s largest grocery retailer, announced Tuesday that it has entered into an agreement with KNAPP, one of the world’s largest innovators in the intelligent automation space, to overhaul its Great Lakes Distribution Center in Delaware, Ohio.

Amy McCormick, Kroger’s corporate affairs manager, said the move “will more than double our capacity and allow us to better serve our customers in the Columbus division of Kroger.” The expansion will add 130,000 square feet to the warehouse...

https://www.freightwaves.com/news/kroger-partnering-with-knapp-to-automate-great-lakes-distribution-center

Without changes, warehouses could ground drone deliveries

Maybe not today, and not likely tomorrow, but one day soon, many Americans will receive their first e-commerce delivery by drone. For residents in select areas of the country – North Carolina, Arkansas and Ohio among others – drones are already making deliveries to the home.

Amazon (NASDAQ: AMZN), Walmart (NYSE: WMT), UPS (NYSE: UPS) and Kroger (NYSE: KR) are among the large retailers and delivery providers that are rapidly scaling up drone delivery tests. Others will soon follow.

But while...

https://www.freightwaves.com/news/without-changes-warehouses-could-ground-drone-deliveries

Will rising warehouse and inventory costs feed trucking demand?

Chart of the Week: Logistics Managers Index – Inventory Levels, Warehouse Capacity SONAR: LMI.INVC, LMI.WHCP

Inventory costs are growing at the fastest rate in years while warehouse capacity continues to shrink at a near record pace, according to the Logistics Managers Index (LMI). In 2019 shippers crammed warehouses with imports to get around tariffs, coinciding with a slowdown in the freight market. Could rapidly increasing warehousing costs and shrinking warehouse capacity push shippers to...

https://s29755.pcdn.co/news/will-rising-warehouse-and-inventory-costs-feed-trucking-demand

Surging demand for logistics properties highlighted in Prologis’ Q1 report

Demand for logistics space continues to grow

Prologis Inc. (NYSE: PLD) reported core funds from operations of 97 cents per share Monday, 3 cents ahead of the consensus estimate and 14 cents better than the year-ago quarter.

The San Francisco-based logistics real estate investment trust said occupancy was steady in the quarter at 95.4% with leases commenced (43.9 million square feet) increasing 25.4% year-over-year.

“The robust demand from the fourth quarter has carried into 2021 and is as strong as I have seen in my career,” said Hamid...

https://www.freightwaves.com/news/surging-demand-for-logistics-properties-highlighted-in-prologis-q1-report