Key areas for 3PL warehousing in 2020

by Michael Kotendzhi | Warehousing, Logistics

A recent study from SupplyChainNetworks SCN on the key geographic areas targeted for massive growth for 3PL distribution for 2020 include the areas of: New York, New Jersey, Vancouver British Columbia, Ohio, California, Washington, Montreal Quebec, Toronto Ontario, Florida, and Illinois.  SCN has identified these geographical cities, states, and provinces to be markets that continue to emerge faster than others. 

As consumer demands grows for online purchasing 3PL warehousing is becoming more important.  Especially 3PL distribution near key metropolitan areas as vendors have a need to distribute close to residential communities.

The acceleration of demand to these specific areas has attracted the attention of Real Estate Industrial Funds.  In 2020 the forecast of capital allocated towards investing in industrial real estate in these areas is estimated to be up to 10% of the industrial capital deployed to all of North America.

Michael Kotendzhi is President of Operations & Transportation and a partner at 18 Wheels. Michael has over 15 years of experience and is equipped with a degree in Logistics from the University of British Columbia Sauder School of Business. As well as a background in logistics from XPO Logistics (formally Kelron Logistics), North America's largest contract warehousing provider.

Michael's experience includes supply chain management, reverse logistics, & domestic transportation. He has developed 18 Wheels' trucking solutions, effectively utilizing the sister company's vehicle fleet and building a transportation supply-chain network across North America.