BACK Warehouse business and the opportunity to expand investment by foreign investors with a trend for continuous growth of online business 4.0
Definition of warehouse
A warehouse is a place to store products from the production process or the imports before they are sold afterwards. This business requires a lot of storage space and must be designed only for storing goods. Originally, warehouses were utilized for storing and keeping goods in good conditions before delivery to customers. The interior consisted of racks, pallets, ladders, or forklifts for ascending or lifting goods from a height to the ground. At present, the warehouse business has become more active in the online business 4.0, which requires distributors or manufacturers to stock products or have products stored in the warehouse by themselves, and needs lots of space for storage, causing a waste of space and budget to build their own warehouse along with maintenance costs and product care to avoid deterioration. Presently, there are many warehouses for rent according to the number of products, as ready-to-use private warehouses.
What types of warehouses are there for rent?
1. Private warehouse
This type of warehouse is maintained by the manufacturers or distributors themselves. It can be a warehouse inside or outside the factory. There may be one or more than warehouse, depending on the establishment.
2. Public warehouse
This type of warehouse is rented by various companies with reserved spaces to store products as needed. It is suitable for small businesses that do not have enough storage space.
3. Temperature controlled warehouse
This type of warehouse is used for storage of fresh goods or those that require temperature and humidity control to be in proper condition, such as cold or frozen food storage.
4. Distribution Center
Most distribution centers have large spaces to accommodate many trucks and goods to distribute products to sub-stores or other regions.
5. Management warehouse
This type of warehouse is becoming very popular, especially in online businesses. Besides being a place to store products for suppliers, it can also maintain products in perfect condition, with packaging services and delivery of products or goods. Therefore, it is suitable for entrepreneurs who would like to sell products but do not have space for storage. After taking orders, the warehouse will manage the goods to be delivered to customers.
Factors for choosing a rental warehouse
In choosing a rental warehouse, the first thing to consider is its suitability for the storage of goods, including the efficiency of operations and services that the warehouse can manage, as follows:
Nowadays, the online retail market plays an increasingly important role in the daily life of people in the country, especially the spread of the COVID-19 epidemic. In the past, there was an average growth rate of 20% per year. In 2020, the Thai online market grew as much as 80%, indicating a change in shopping behaviors by turning to more online channels, in particular the food category, electronic products, and appliances. Thus, online stores play an important role in driving the warehouse business. Soon, if there is a completion of the high-speed train connecting to the CLMV region, it will help the warehouse business grow even more.
For any investors who are interested in the warehouses or finished factories for rent, with unlimited use of fully equipped facilities, water, and electricity, 304 Industrial Park has warehouses and finished factories for rent in the center of industrial parks, so there are no worries about maintenance fees and labor shortages. In addition, with the strategic location of 304 Industrial Park in a high area, there is thus no problem of flooding. Most importantly, it is located on the southern economic corridor, as a gateway to the Indochina region and part of the Mekong Sub-region, conveniently connecting investors to many regions. For any interested investors in warehouses or finished factories, please contact the Sales Department directly or follow this link: https://www.304industrialpark.com/contact-us
- Rental costs are considered as the first factor for an online shopping business, especially at the start of business to save costs when selling products. The area must be calculated according to the agreed square meters. In addition, if renting a space in industrial parks or industrial estates, large warehouses may have additional central costs. However, there should be an advantage when it is near a factory for production in industrial parks. Therefore, the costs must be considered and compared for appropriateness.
- Location is another factor that helps in considering a warehouse, especially warehouses located in industrial parks or industrial estates near production sites, with the advantage of lower transportation costs, as well as the routes to travel or distribute products to other provinces for product delivery to customers, such as roads, expressways, airports, or ports, etc.
- Labor market and wages – If the warehouse is in an area with low labor wages, it will help to save costs. Especially for a skilled workforce, there is no worry about the standard of work or services.
Trends and expansion of warehouse industry
Nowadays, the online retail market plays an increasingly important role in the daily life of people in the country, especially the spread of the COVID-19 epidemic. In the past, there was an average growth rate of 20% per year. In 2020, the Thai online market grew as much as 80%, indicating a change in shopping behaviors by turning to more online channels, in particular the food category, electronic products, and appliances. Thus, online stores play an important role in driving the warehouse business. Soon, if there is a completion of the high-speed train connecting to the CLMV region, it will help the warehouse business grow even more.
For any investors who are interested in the warehouses or finished factories for rent, with unlimited use of fully equipped facilities, water, and electricity, 304 Industrial Park has warehouses and finished factories for rent in the center of industrial parks, so there are no worries about maintenance fees and labor shortages. In addition, with the strategic location of 304 Industrial Park in a high area, there is thus no problem of flooding. Most importantly, it is located on the southern economic corridor, as a gateway to the Indochina region and part of the Mekong Sub-region, conveniently connecting investors to many regions. For any interested investors in warehouses or finished factories, please contact the Sales Department directly or follow this link: https://www.304industrialpark.com/contact-us
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