Guest: Justin Smith
Here's a summary of the great stuff that we cover in this show:
- Justin Smith, an expert in industrial real estate trends and logistics, brings excitement and accessibility to these fields, leveraging his extensive experience.
- For eCommerce businesses grappling with picking, packing, and storage challenges, Justin recommends strategically choosing larger warehouses and collaborating with third-party logistics (3PL) companies for efficient and low-risk distribution testing.
- Emphasizing warehouse efficiency, Justin advises businesses to invest in material handling specialists or warehouse managers who can optimize operations and implement effective management systems.
- When considering a move to a new warehouse, factors such as lease stability, business stability, and long-term plans should be carefully evaluated, with financial, market, and growth considerations in mind.
- In the context of the booming online shopping landscape, Justin highlights the importance of implementing a robust eCommerce warehouse management system, exploring various fulfillment models, and embracing automation to enhance efficiency and maximize return on investment.