Large retailers are absorbing warehouse space to fill inventory glut, small businesses frustrated
Small Businesses are dealing with more strain as warehouse capacity continues to tighten. Both logistics and real estate experts are growing more concerned by the day as the large retailers absorb any and all warehouse space available to fill up with their excess inventory. Small businesses, unfortunately, cannot compete with the large retailers to obtain warehouse space and many of them are feeling desparate.
Since 2020, the vacancy rate for warehouses has dropped two full percentage points. Southern California has almost nothing left to offer as every facility available is seemingly full.
Amazon, along with SpaceX and Trader Joe's, is challenging the constitutionality of the National Labor Relations Board (NLRB) in legal filings.
House Republicans are pressing the IRS for answers regarding the delay in processing new claims for the pandemic-era small business tax credit known as the employee retention credit (ERC).
Federal Reserve Chair Jerome Powell and Patrick Harker, head of the Federal Reserve Bank of Philadelphia, visited York, Pennsylvania, to hear the concerns of small-business owners grappling with inflation, high interest rates, labor shortages, and post-pandemic economic challenges.
IRS Commissioner Danny Werfel has ordered the immediate suspension of new claims for the employee retention credit (ERC), a pandemic-era small business tax break, due to a surge in questionable claims.
New advances in computer vision are improving worker safety by addressing the deficiencies that have hindered robotic automation in taking over dangerous tasks for workers.
The Bronx Logistics Center in Hunts Point has achieved LEED v4 Platinum certification, making it one of the few distribution buildings in the US with this prestigious rating.
City permits have been issued for the construction of Building 1 at the W. 12th/Edgewood Logistics Center in Jacksonville.
The Department of Labor has launched a three-year "national emphasis program" aimed at improving workplace hazard prevention in warehouses, distribution centers, processing facilities, and high-risk retail establishments.
This article emphasizes the importance of warehouse visibility in optimizing operations, enhancing customer service, and staying ahead of the competition.
OSHA, the Occupational Safety and Health Administration, has launched a national emphasis program aimed at reducing workplace hazards in warehouses, distribution centers, and similar facilities.
Critics continue to question the true cost of President Biden's economic agenda, despite his promotion of "Bidenomics" during his reelection campaign.
Hallmark has opened a second distribution center, named Liberty II, in Liberty, Missouri, as part of its efforts to optimize and centralize its distribution network.
As the labor market becomes increasingly tight and costly, companies are turning to automation to meet rising demand, boost productivity, and enhance customer experience in e-commerce and B2B operations.
Walmart has opened its largest fulfillment center in McCordsville, Indiana, as part of its e-commerce growth strategy to reach 95% of the US population within two days of ordering.
Cushman & Wakefield's report indicates a slight increase in industrial vacancy rates during the second quarter, signaling a softening in the demand for warehouse and inventory storage space.
A think tank, the Information Technology and Innovation Foundation, has called on policymakers to support the adoption and innovation of robotics in warehouses to enhance labor productivity, worker safety, delivery times, and supply chain resiliency.
XPO Logistics, a prominent freight transportation provider in North America, has completed the expansion of its Salt Lake City service center.
The Home Depot is embarking on a cost-saving initiative worth $500 million to optimize its supply chain and reduce fixed operating costs.
Target has opened its first extension facility in Smyrna, Georgia, allowing the retailer to reach an additional 500,000 customers for next-day delivery in the Atlanta area.
Amazon has introduced the first phase of its new headquarters complex, "HQ2," in Arlington, Virginia.
CapRock Partners has acquired a 22.1-acre parcel within the World Logistics Center master plan in Moreno Valley, California.
Rocky Mountain Chocolate Factory is implementing measures to achieve $1.2 million in annual cost savings across its supply chain.
With Tax Day upon us, small businesses are already struggling with economic growth, and the IRS has not been of much help.
Inventory picking robots are autonomous machines designed to retrieve items from shelves or storage locations in a warehouse or fulfillment center.
Reports are now showing that in 2022, 3PLs accounted for 41% of all lease transactions in warehouses and distribution centers that have at least 200,000 square feet.
In the recent years, with the rise in interest rates, small businesses have been under a lot of financial pressure.
A new survey conducted by Anvyl has revealed that out of the 400 small businesses (SMBs) surveyed, 25% of them expressed concern about their supply chain strategies for the upcoming year.
Small businesses have been neglected and lacked advocacy in Washington D.C. and the White House.
The Inland Empire of Southern California has been experiencing a significant slowdown since the height of the pandemic.
Taiwan Semiconductor Manufacturing Co. (TSMC), a global leader in semiconductor fabrication, is set to receive a significant boost in the U.S. with up to $6.6 billion in funding from the U.S. government.