This industry comprises establishments primarily engaged in operating merchandise warehousing and storage facilities. These
establishments generally handle goods in containers, such as boxes, barrels, and drums, using equipment such as forklifts, pallets, and racks. They are not specialized in handling bulk products of any particular type, size, or quantity of goods or products.
List of Globally Popular warehousing and storage companies and their countries
DHL Supply Chain - Westerville, XPO Logistics - Greenwich, Ryder Supply Chain Solutions - Miami, NFI Logistics - Cherry Hill, Americold - Atlanta, Lineage Logistics - Irvine, Kenco Logistics Services - Chattanooga, CEVA Logistics - Houston, Saddle Creek Logistics - Lakeland, WSI - Appleton, APL Logistics - Scottsdale, Radial - King of Prussia, Versacold Logistics - Canada, Interstate Warehousing - United States, UPS Supply Chain Solutions - Alpharetta, Warehouse Services - Piedmont, Frialsa Frigorificos - Mexico, Brambles Limited - Australia, Burris Logistics - Virginia, CJ Logistics - Korea, Cowan Logistics - United States.
The following are some of the top critical issues faced by the warehousing and storage companies.
- Management of space in warehouse for storing the information
- Lack of Communication
- Breakdown in accuracy of goods
- The process is repeated many times
- Damaging of Products
- Many fluctuations are in demand
- High labor cost
The warehouse management requires the workers to put themselves in a highly tough situations, creating a need for the stable and portable work platform. The order picking equipment work well for the low level needs, but lack in ability when it comes to access the high level needs. The workers will transport the product from one place to other which takes more time. The changing and maintaining the batteries of equipment is becoming painful. Many companies are not concerning in automation to increase their efficiency. Manufactures don’t have full visibility to their inventory, so that they will be running out of stock at wrong time.
Some of the International Organization related to Warehouse and Storage are,
- International Warehouse Logistics Association (IWLA) - iwla.com
- International Federation of Warehousing and Logistics Association (IFWLA) - ifwla.com
- Asia Pacific Logistics Federation (APLF) - aplf.net
- Japan Institute of Logistics System (JILS) - logistics.or.jp
- Manufacturing Enterprise Solution Association (MESA) - mesa.org
- Nordic Logistics Association (NLA) - nla.eu
- National Association of Freight and Logistics (NAFL) - nafl.ae
- Reverse Logistics Association (RLA) - rla.org
- International Society of Logistics (SOLE) - sole.org
- Wisconsin Warehouse Association (WWA) - wwacademy.org
Various Industry Standards will be followed by each specific warehouse and storage companies to maintain their reputation.
- The Warehousing Development and Regulation Act, 2007
- Warehouse Handling of Goods Act, 2016
- Information Technology Act, 2000
- Private Warehouse Licensing Act, 2004
- Warehouse Goods Removal Act, 2015
- The Warehouse Corporation Act, 1962
- UP Warehouse Act, 1958
With increase in warehouse and storage market there is an increase in the demand of smart warehouse. The global warehousing and storage market was valued at $479.4 billion in 2017. North America was the largest region accounting for $132.7 billion that is 27.7% of the global market. Next the United States of America accounting for $101.1 billion that is 21.1% in the global market of warehouse and storage. The business research company provide the marketers and senior management with the critical information they need to assess the global warehousing and storage market.
Some of the Magazines that will keep you on track
- Warehouse Solution
- Warehousing and Distribution
- Transport and Logistics News
- Logistics Insider
- Logistics Management Magazine
- Logistics Business Magazine
- Logistics Manager
- The Global Logistics Magazine