Amazon hasn’t decided on how much warehouse space it needs to shed but it’s expected to let go of at least 10 million square feet, and may even double or triple that amount. It was reported that excess capacity, together with productivity loss and inflation, cost the company $6 billion last quarter. Still the e-commerce giant is relatively cautious in how much space to sublet in anticipation of a potential rebound.
A recent study found that PortMiami is not only one of Miami-Dade County’s most important economic engines but its economic impact is also felt regionally and globally. The report confirmed the seaport’s vital role in supporting good-paying local jobs and contributing to the growth of the community in addition to reducing its carbon footprint with shore power and a net zero plan.
Many in the cold storage space are using automated storage and retrieval systems to more strategically manage their inventories. The systems can stretch 150 feet in height or approximately 12 stories high.
Adding a Miami-area warehouse gives Tatuaje the opportunity to fulfill orders and optimize shipping costs and times for its retailers. The facility is just for Tatuaje products now but the company is considering shipping brands outside this portfolio in the future.
Maersk extended its air freight operations footprint in April with the launch of a full-service, in-transit gateway solution in Miami. The new gateway will focus on transhipping European and Asian goods via Miami to Latin America, offering competitive freighter and passenger capacity.