Louisville has been a cornerstone of the Midwest’s industrial landscape for decades, and as reflected throughout the past year, its positive momentum shows no sign of slowing. The Covid-19 pandemic has only further proven that companies across the country need resilient and efficient supply chains that are capable of housing and delivering a multitude of products to remain competitive.
Online shopping has increased tremendously as people continue to avoid in-person interaction to prevent the spread of the Covid-19 virus. As a result, eMarketer predicts American consumers will have spent an estimated $710 billion on e-commerce by the end of the year.
Because of this continued shift in consumer behavior, companies are racing to realign their warehouse and distribution space to keep up with demand. It will be impossible for both business-to-business and direct-to-consumer companies to stay competitive without having strategic distribution warehouses near their customers. Major developments over the past several years include Bourbon Logistics Center I & III (Core5), Medline and Grainger illustrate how valuable large floor plates can be when in the right market. Combined, these four distribution centers total over 4.3 million square feet of space.
As more companies buffer product inventory within their warehouses, large spaces like this are expected to reach an unprecedented level of demand. So, the moral of the story? When it comes to building distribution space, especially in Louisville, bigger is better. Here’s why.