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Showing posts from December, 2020

Should You Buy a Warehouse or Rent it for Business Expansion

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  Many of the new entrepreneurs may find themselves hurdling between this question of whether they should buy a warehouse or rent a warehouse for inventory management . There are a number of factors on which this decision can be dependent such as available capital, projected future growth, and space requirement by the customer. Here is the detailed information about the renting of warehouses and buying a warehouse, which might help you to evaluate the best things for you based on the factors. Buying a Warehouse Space If someone chooses to buy a warehouse then they have to pay a high upfront cost, which might not be possible for the start-ups, small or medium-sized companies. It is possible for only large companies to bear the cost. The surging cost of real estate makes it difficult for small scale or medium-sized entrepreneurs to invest in the warehouses. The money that can be spent on buying a warehouse, can be used by them somewhere else that can help their business grow....

Covid-19 And Its Implications On E-Commerce

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Even much before 2020 started, people had started flocking online portals and completing their buy wish list online. Thanks to the power of the internet the world of e-commerce has boomed in the last few years. The basic convenience of being able to get multiple options, choices and that too at better prices, without having to bargain or physically going to the market, has only made online shopping more popular. Turn the clocks to 2020, and the entire world saw the pandemic take complete control over even the most basic behavior of people. With social distancing and basic expectations of staying home, we will only bring to the forefront the popularity of e-commerce and online shopping. While the popularity grows, the panic-stricken buying of consumers for all basic healthcares, beauty, electronics and personal care caused a slight demand and supply chain shortage.   Along with this fact, one other major impact has been caused due to the closure of major factories around China and t...

Is Shared Warehousing The New Normal?

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The recent studies in the economic and financial arena have highlighted a new trend of a shared economy. The field and niche of warehousing which is more or less very capital sensitive have also decided to go into the arena of a shared economy. Most of the time bulk spaces of warehouses are unable to generate the kind of revenue that they are supposed to, which is why offering warehouses as a service becomes more beneficial if it works on the matrix of  shared warehousing . As a warehouse owner, one of the primary ways of showing profits is by increasing the storage capacity over a period of time. Generally, this would mean that a person would need to invest large sums of money to build or buy a new property from scratch. However, with the concept of a shared economy in place shared warehouse space has also become very viable. There are a number of benefits of going to the shared warehouse space way. For starters, since the beginning, there has been a big tussle between investments...