📱The Explosion of E-Commerce & It’s Impacts on Industrial Property

The Explosion of E-Commerce And It’s Impacts on Industrial Property 

The rise of e-commerce is changing the industrial sector in several ways:

➡️ Increased demand for industrial real estate: As more and more people shop online, the demand for industrial real estate is increasing as e-commerce companies need warehouses and distribution centers to store and ship products. This has led to rising property values and rental rates for industrial properties.

➡️ Shift towards last-mile logistics: The rise of e-commerce has led to a shift towards last-mile logistics, which refers to the final leg of the delivery process, from warehouses to customers' homes. This has led to an increased demand for industrial properties in urban areas, close to population centers, to facilitate the last-mile delivery.

➡️ Automation and technology: E-commerce companies are increasingly using automation and technology to improve the efficiency of their warehouses and distribution centers. This includes things like robotic pickers, automated storage and retrieval systems, and conveyor systems. This technology is becoming more prevalent in the industrial sector to keep pace with the rising e-commerce demand.

➡️ Increased focus on sustainability: As e-commerce companies are handling more packages, the environmental impact of their operations is becoming more pronounced. In response, many e-commerce companies are investing in sustainable practices and technologies to reduce their environmental footprint.

➡️ Changing workforce demands: The rise of e-commerce has led to an increased demand for warehouse and logistics workers, with a need for specialized skills in areas such as automation and data analysis.