In the town of Colton, California, there are 54,000 residents and 58 licensed warehouses.
Town is within the state’s Inland Empire, just east of Los Angeles, where proximity to ports and railroads has made the region a hub for the nation’s supply chains — and where there’s a growing opposition amongst residents to the resulting construction, traffic and pollution, The Latest York Times reported Monday (Oct. 10).
Municipalities in the world — and in other communities across the nation — have been delaying projects with the intention to study their impacts and consider restrictions based on the facilities’ pollution, traffic and proximity to homes and schools, in keeping with the report.
Business and labor groups counter that these regulations would cut back the roles and taxes which can be provided by the industry, in addition to affecting the nation’s supply chains, which have already been struggling, the report added.
As PYMNTS reported Oct. 6, there’s currently less space to go around whilst there’s a listing glut across industries in addition to consumer demand for rapid delivery — which requires getting the products to where they’re needed and storing them for a time along the best way.
See: Retailers Turn to Inventory Tech and Robotics to Ease Pain of Limited Warehouse Space
Corporations of all sizes have been adopting solutions like using technology and data to optimize the efficiency of their supply chains, using retail locations to each store and deliver products, and deploying robotics and artificial intelligence (AI) to profit from what warehouse space they do have.
Consequently of the shortage of warehouse space, the typical nationwide rental rate rose from $7.13 per square foot within the third quarter of 2021 to $8.70 per square foot this yr, The Wall Street Journal recently reported, citing figures from industrial real estate brokerage firm Cushman & Wakefield.
Read more: Swollen Retail Inventories Leave Small Businesses Short on Warehouse Space
As PYMNTS has reported, firms are also working to dump reduce their need for warehouse space by offloading excess inventories and launching their holiday sales season early this yr.
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