As distribution and fulfillment operations become more complex, many companies abandon their outdated manual processes and move to automation. While manual methods were once effective, they cannot keep up with e-commerce in 2021.
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Automated Storage and Retrieval Systems (ASRS) automate the handling, storing, and retrieving of inventory within a warehouse with minimal human intervention. By automating storage, businesses can eliminate labor-intensive tasks involving repetitive physical work, along with the manual data entry and analysis that go with it.
Electronic commerce, better known as e-commerce, is about buying and selling, making money transfers, and conveying data over the internet. Among its many advantages, it permits conducting business without the restrictions of time and distance.
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Manufacturers can boost the efficiency and safety of their material handling with vertical storage systems. The systems are ideal for storing and retrieving materials and parts by taking advantage of idle overhead space. And while companies turn to vertical lift modules for their retail, distribution, and inventory requirements, these systems are not limited to warehouse inventory.
Retail e-commerce sales have reached new heights this year. In May 2021, the Census Bureau of the Department of Commerce announced that U.S. retail e-commerce sales for the first quarter of 2021 were at $215.0 billion. This figure represents an increase of 7.7 percent over the fourth quarter of 2020, and a whopping 39.1 percent more than the first quarter of 2020!
eCommerce third party logistics (3PL) fills a very specific need in the ecommerce industry by making it easier for e-retailers to get their products to customers efficiently. As behind-the-scenes partners, they have a direct impact on a seller’s customer service and profitability. They also allow sellers to focus on product development and business growth strategies.
A cursory check of industrial real estate sales prices in Florida is both enlightening and shocking. A "strategically located" 57,000-square-foot manufacturing facility in Hialeah is listed at $6,200,000, or around $109.00 per square foot. A 42,800-square-foot warehouse in Pompano Beach had an asking price of $7,800,000, over $182 per square foot. And a 20,900-square-foot industrial building in Miami was listed for $3,290,000, or approximately $158 per square foot.