Cooling demand increases warehousing vacancies, with rents inching down
Cooling demand has ended the long run of increasing warehousing costs and nudged the average ...
Do you remember when Gap’s distribution centre in Fishkill, New York, caught fire a couple of years ago? Well, this interesting article by Fast Company reveals how – albeit perhaps unwittingly – the fashion retailer turned the disaster into an opportunity. The article notes: “Through this process of solving one problem after another, something interesting happened: a wave of innovation began to sweep through the entire corporation.” Gap was able to update its technology and machinery, creating new efficiencies. Initially, it created a pop-up packing facility, and boosted productivity in its other centres, and then rebuilt Fishkill. “Fishkill became an incubator, of sorts, for the newest warehouse technology, and when a new machine proved to be a great investment, it would get rolled out to other Gap distribution centres.” An uplifting tale.
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