Articles by Day: December 17, 2020
Storage demand fluctuations are nothing new to the Ohio warehousing industry, though this year has certainly tested the limits. Demand for nonessential goods and same-day deliveries swung wildly throughout 2020, in part reflecting a sharp rise in e-commerce, something Northeast Ohio warehousing operations felt acutely.
Our hats are off to our various supply chain partners and warehouse workers who quickly adapted to the strict requirements and regulations of numerous new industry priorities driven by consumer needs. With distribution bottlenecked at several points during various times, our warehouse employees adroitly rose to the challenge, – particularly when it came to compressed sales cycles of goods that had to be swiftly and carefully offloaded from ports and trucks and properly consolidated, sorted, packaged, stored and transloaded.
The U.S. Census Bureau reports e-commerce activity spiked dramatically in the second quarter of this year as many consumers shifted their shopping practices away from physical stores and over to digital platforms. Demand for dipped, while the home improvement and technology sectors boomed. U.S. retail e-commerce increased 44.5 percent year-over-year, ultimately resulting in 2.4 million additional square feet of warehousing space, many of those dedicated to business-to-business (B2B) operations.