Companies in this industry operate facilities to store goods and may provide related logistics services. Major companies include Americold, Burris Logistics, CH Robinson, Iron Mountain, and Prologis (all based in the US), along with CEVA Logistics (based in the UK), Global Logistics Properties (China), and Kuehne + Nagel and Panalpina (both based in Switzerland).
Demand for warehousing is driven by the flow of goods through the economy; other demand indicators include industrial production, import volume, and office vacancy rates. The rapid rise in online shopping in markets across the globe, along with expectations for faster and more secure delivery, is significantly increasing demand for warehouse space worldwide.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major services include general warehousing (about 60% of industry revenue) and refrigerated warehousing (about 15%). Other services include records storage and farm products storage. Many operators provide contract warehousing services, in which a warehouse is dedicated to a single major customer. Others offer public warehousing services, in which warehouse facilities are shared by customers too small to require dedicated facilities.