Here in the United States and in many other places all around the world as well, the way that we shop has become quite drastically different as time has passed on. In many ways, this can be attributed to the growth of e-commerce and online shopping. E-commerce has provided a new way for people to purchase goods, and it has become hugely popular and on an upward trajectory in terms of growth as well. In fact, the data more than backs this up, showing that the market for e-commerce will grow by as much a 10% (at a compounded rate) each and every year for the next five or so years.
And the growth of e-commerce has had a direct impact on the growth of warehouse space as well, as warehouse space has become necessary to house the products that people are buying through these online platforms. Renting warehouse space has become particularly popular for companies of all types and sizes, as renting warehouse space is easy to do, with rental warehouse space quite plentiful all throughout the country. Of course, the warehouse for sale is also quite popular, and many people and companies will eventually move from renting warehouse space to buying warehouse space, as this will ultimately become less expensive than renting warehouse space or leasing a warehouse over a considerable period of time (much in the same way that buying a house can ultimately be a better financial decision than always renting one).
And the amount of people who are renting warehouse space or even buying industrial warehouse space is certainly on the rise. As a matter of fact, the number of warehouses that are occupied and the total amount of space being used has grown by more than 86% all since the year of 2000, a year that is still less than two full decades in our past. In the years that are to come, many more people and companies will likely also be looking to buy a warehouse, as buying warehouse space will more than pay off for the purposes of e-commerce in the years that are to come. Of course, renting a warehouse space can allow companies to first get started in the world of e-commerce and online stores. Renting a warehouse might at first be easier than buying a warehouse space, as renting a warehouse will require a smaller upfront cost. Therefore, renting a warehouse space will likely be a good first step in the process of branching out into e-commerce.
For many people, the world of warehousing and distribution has led to a great deal of opportunity when it comes to jobs and employment. After all, the companies that own or are renting warehouse space will need to hire people to actually work in these warehouses and run them on the ground level. And this is something that can be seen statistically as well. At the current date, there are now more than 166,000 men and women alike working in the world of warehousing and distribution. For these people, the importance of warehousing and distribution will be hugely important indeed, allowing them to live stable and productive lives, providing for themselves as well as for their families, if they have them. And in the years that are to come, this number of people working in the warehousing industry is only likely to grow and to grow.
At the end of the day, there is certainly no denying the fact that the industry of warehousing and distribution has become more important and more widespread than ever before – at least here in the United States, according to the data that has been gathered on the subject. Much of this growth – if not just about all of it – can be tied directly to the growth of e-commerce here in the United States and all throughout the world as well. In the years that are to come, e-commerce will only continue to grow on a global scale, improving the warehousing and distribution industry as well and allowing it to grow alongside of it.