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Online Retail Demand Drives Massive Investment in U.S. Warehousing & Distribution

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SUGAR LAND--March 25, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--As COVID-19 restrictions are gradually loosened up across the U.S., retailers--especially those that are based primarily online--are hiring employees and expanding capacity to meet an ongoing surge in home-based orders. Research and Markets recently predicted the global warehousing and storage market will see a compound annual growth rate of 3.4% from 2020 through 2021. Industrial Info is tracking nearly 100 active projects in the U.S. warehousing and distribution sector, worth more than $4.5 billion, that are slated to begin construction in second-quarter 2021. About half of the total investment value (TIV) is attributed to Amazon.com Incorporated (NASDAQ:AMZN) (Seattle, Washington).

Within this article: Details on some of the highest-valued warehousing and distribution projects that are set to kick off across the U.S. from April through June, including those from major companies such as Urban Outfitters Incorporated (NASDAQ:URBN), The Gap Incorporated (NYSE:GPS) and Stonemont Financial Group.

Other companies featured: Vitro Chemicals Fibers

Details on this Article:
Industry Segment: Industrial Manufacturing
Word Count: 744 Words
Attachment: US-ware-dist2Q21
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