US Running Out of Warehouse Space, Intensifying Supply Chain Bottlenecks and Adding to Inflation
CDN – https://www.conservativedailynews.com
by Harry Wilmerding -
Available warehouse space near significant distribution hubs fell to historic lows in the third quarter of 2021, placing even more pressure on supply chain bottlenecks and increasing inflation, according to The Wall Street Journal.
Demand for industrial real estate in the third quarter outpaced supply by 41 million square feet, increasing the vacancy rate to 3.6%, down 0.7% from Q3 2020 and marking the lowest level since 2002, according to data from CBRE, the WSJ reported.
Warehouses near the Los Angeles and Long Beach ports in California, some of the most important distribution points of entry in the country, reached a vacancy rate of 1% in Q3 this year, according to the WSJ. During the same quarter in 2020, the vacancy rate was 2.3%.
“Space in our markets is effectively sold out,” Thomas Olinger, chief financial officer of Prologis, said during the company’s earnings call. “In the last 90 days supply chain dislocations have become even more pronounced, with customers acting with a sense of urgency to secure the space they need.”
Reduced space has added to the widespread supply chain backlogs, causing everything from tighter container shipping capacity to congested rail hubs, higher prices and decreasing supply amid growing demand, according to the WSJ.
The spike in demand for warehouse availability has been triggered by the shift to online shopping since the COVID-19 pandemic began and retailers pushed to store goods closer to consumers for faster delivery, the WSJ reported.
“A good percentage of that behavior change, it turns out, has stuck,” John Morris, leader of CBRE’s industrial and logistics business in America, told the WSJ about the shift to online shopping.
Real estate data companies CoreLogic and CoStar did not immediately respond to the Daily Caller News Foundation’s requests for comment.
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact [email protected]
US Running Out of Warehouse Space, Intensifying Supply Chain Bottlenecks and Adding to Inflation is posted on Conservative Daily News – Where Americans go for news, current events and commentary they can trust – Conservative News Website for U.S. News, Political Cartoons and more.
CDN – https://www.conservativedailynews.com
Source: https://www.conservativedailynews.com/2021/10/us-running-out-of-warehouse-space-intensifying-supply-chain-bottlenecks-and-adding-to-inflation/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,706,339,535 |
| Stories: | 8,445,261 |
Whistler Blowers, Insiders
Depression and memory loss treatment
https://www.excelwell.net/memory-loss-treatment/