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After Covid19 Warehouse Demand May Rise in Cities

10Aug By AdityaNo Comments

ANALYSIS

After Covid19 Warehouse Demand May Rise in Cities

The demand for small warehouses within city limits is expected to rise over the next one year as e-commerce firms are targeting to ensure same-day deliveries of food and grocery items to customers, according to a report. The demand is likely to be for warehousing of 5000-10,000 sq ft size, property consultant Colliers International said. “E-commerce companies are focussing on same-day delivery with the pandemic-influenced lockdowns placing greater dependency on e-commerce for food and grocery items,” the report said. The consultant said that e-commerce companies are now trying to stock a larger proportion of inventory closer to their customers’ locations for efficiency and to improve the quality of products upon delivery. “Over the next 12 months, we believe in-city warehouses ...

22Jul By AdityaNo Comments

Tech

5 Ways IoT Technology Is Revolutionizing Supply Chain Management

The Internet of Things (IoT) is a fast-growing network of gadgets and devices that can connect to the internet wirelessly. These devices are already changing daily life in ways both obvious and more subtle. Plenty of people already have their homes full of IoT devices smart lights, wireless security cameras, smart home devices, smart thermostats, and so forth but the real innovations are happening in the industry. Shipping, logistics, and supply chain management are already feeling the benefits of implementing IoT to track shipments, pinpoint the causes of shipping damage, and prevent damage to cargo. In everything from tracking delivery speed to monitoring conditions during shipping and storing, streamlining warehousing, and more, IoT tech is changing the way supply chains are managed...

Amazon testing wearable device for Warehouse workers to maintain social distancing

17Jun By PriyankaNo Comments

Tech

Amazon testing wearable device for Warehouse workers to maintain social distancing

San Francisco, June 17: E-commerce player Amazon.com is testing a wearable device that will alert warehouse workers to maintain social distance at work during the Chinese Covid-19 epidemic. The wearable device will sound a loud beeping noise and flashes light when workers do not maintain the safe distance. According to a report in CNBC on Tuesday, the device comprises a clear plastic sleeve and a clip that has an LED light and audio system embedded in it. The device will be used by Amazon's facility in Kent, Washington, starting Wednesday, said the report, citing a private online group for warehouse workers. The report comes amid fierce criticism that Amazon has faced from its former and current employees regarding its safety measures for workers. Amazon is even being sued f...

New York based On-demand storage company MakeSpace Raises $55M in Series E

23May By PriyankaNo Comments

FUNDING

New York based On-demand storage company MakeSpace Raises $55M in Series E

NEW YORK, 23rd May 2020-- MakeSpace, the fastest-growing on-demand storage company in New York raises $55M in equity financing and debt funding from the global leader in storage and information management services, Iron Mountain, with participation from 8VC, Upfront Ventures, Maywic Select Investments, Ten Eighty, Provenio Capital, and CX Collective. This new funding follows a year of tremendous growth for MakeSpace, which included expansion to 20 additional markets in 2019 through its partnership with Iron Mountain, and its development of new product offerings such as disposal and shredding, and Seasonal Closet, which launched earlier this year. “It has been amazing to see what MakeSpace has accomplished in the past year alone, growing from 4 to 24 markets almost overnight, and add...

Shopify to Acquire Warehouse Firm 6 River Systems For $450 Million

17Sep By PriyankaNo Comments

ACQUISITION

Shopify to Acquire Warehouse Firm 6 River Systems For $450 Million

OTTAWA, Canada & WALTHAM, MA 17th September 2019- Shopify the leading multi-channel ecommerce platform looking to acquire warehouse firm 6 River Systems. Shopify will acquire all of 6 River Systems’ outstanding securities in a transaction valued at approximately USD$450 million, consisting of approximately 60% in cash and 40% in Shopify Class A Subordinate Voting Shares. Included in this amount are Shopify Class A shares and options valued at approximately $69 million that will be issued to 6 River Systems’ founders and employees that will vest subject to certain conditions and will be treated as stock-based compensation. In June, Shopify introduced the Shopify Fulfillment Network, a powerful and trusted fulfillment network that will ensure timely deliveries, lower shipping co...

Amazon to Add 7 New Warehouses in India, Hire 4,000 people

3May By Press Trust of IndiaNo Comments

BUSINESS, News

Amazon to Add 7 New Warehouses in India, Hire 4,000 people

E-commerce giant Amazon continues to aggressively expand its operations in the country with the addition of seven new warehouses, a move that will provide employment to about 4,000 people. The US-based company, which has committed an investment of USD 5 billion in the Indian market, will have 41 warehouses or Fulfilment Centres (FCs) by the end of June this year. Amazon, which is locked in an intense battle with local rival, Flipkart, has been pumping in funds to expand infrastructure and technology platform in the country. "This (new FCs) will double our storage capacity this year as compared to last year. We continue to invest in strengthening our infrastructure to match our pace of business expansion in India," Amazon India Customer Fulfilment Vice President Akhil Saxena told P...

Warehouse Demand For E-commerce Firms Increases 22% in 2015: Study

31May By NitishNo Comments

ANALYSIS

Warehouse Demand For E-commerce Firms Increases 22% in 2015: Study

E-commerce has emerged as one of the key drivers for warehouse realty after third party logistics operators in 2015, a recent study by property consultant CBRE South Asia. Third party logistics operators constituted 30 per cent of the total demand for warehouse realty followed by e-commerce at 22 per cent. Nearly 2 million sqft of warehousing space was taken up by e-commerce firms in 2015, which is a significant jump as the share of the sector rose from a meagre 2 per cent of the total warehousing demand in 2012, to around 22 per cent during 2015. On the same lines, office space demand from e-commerce firms witnessed a 170 per cent year-on-year growth?from 7 lakh sqft in 2014 to 2 million sqft in 2015. "Investors have begun to show more interest as the growth story of the sector contin...