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05
Apr
2020

Key areas for 3PL warehousing in 2020

April 5th, 2020 in Warehousing, Logistics
Keyareasfor3PLwarehousingin2020.jpg

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.



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