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Factors to Consider When Choosing the Best Warehouse Location

Here are things you need to keep in mind while choosing a warehouse location

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Warehouse Location
Warehouse location has a direct impact on the productivity of a company. Pixabay

A warehouse location is a critical aspect with a significant impact on a business. As such, entrepreneurs looking to invest in a warehouse will have two things in mind: convenience and budget.

The location of a warehouse has a direct impact on the productivity of a company. It also directly determines the overall customer experience.

Choosing a warehouse location is a monumental decision that is not to be taken lightly. 

In this article, we are going to look at the most important factors to consider when looking for the best warehouse location.

Warehouse Location
A warehouse location is a critical aspect with a significant impact on a business. Pixabay

Customers

Customer base is one of the most important factors that determine business growth. First, determine if the location is easily accessible to most of your customers.

By investing in a warehouse that is in close proximity to your target market, an increase in sales and faster deliveries are realized. What’s more, there will be a significant reduction in shipping costs, creating better customer experiences.

In short, faster and cheaper deliveries make customers happier, resulting in brand loyalty.

Carrier services

Most entrepreneurs who invest in warehouses are in the procurement business. As such, considering a warehouse that is in close proximity with carrier services is not only beneficial to you but also the customers.

Additionally, the closer the warehouse is to carrier services, the more streamlined the shipping process will be.

So, it is for an entrepreneur to invest in a warehouse that is convenient in regards to proximity to manufacturers, customers and carrier services.

Special storage requirements

Warehouse location is also a priority when your products require special storage requirements. Entrepreneurs that require special storage are those that work with hazardous, flammable, and fragile products.

Before settling for a specific location, make sure the warehouse can accommodate your products in terms of storage space. If it is a rental warehouse, make sure renovations are allowed. It is unfortunate to get a location then outgrow it in a short while. To avoid such incidents, estimate the company’s growth rate and then make an informed decision based on the findings.

Also, make sure the warehouse can accommodate expansion when the need arises.

Availability of labor

The availability of labor is another factor that determines the location of your warehouse. It also has a direct impact on company productivity, the efficiency of service delivery, as well as the rate of business growth.

Not every location has the capability to provide a company with the necessary labor needs. Decreased labor with high product demand causes an increase in salaries and remunerations. That is why doing in-depth research on the available workforce of a certain geographical location is important.

Furthermore, the available workforce in the warehouse has a direct impact on the company’s employee retention, efficiency, and productivity.

Geographical regulations

Every geographical area has a set of trading rules and regulations. To avoid wastage of time and resources, make inquiries of any rules that govern your specific industry. 

For instance, some areas do not allow the storage of certain products. In such a case, it is best to avoid the area and look for another location.

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All in all, choosing the right location for your company’s warehouse requires hard work, research, and proper planning. By considering the above pointers, you can limit the hassle and headache that comes with looking for business locations. Also, it ensures you get the perfect location for both you and your customers. 

Next Story

Tech Giant Apple Plans To Acquire Virtual Reality Company “NextVR”

The company is developing two head-worn products, including a combination AR/VR headset for release in 2022 and "full-fledged" AR glasses for release by 2023

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Apple
Apple's rumoured augmented reality (AR) glasses are also under development and may launch by 2022. Pixabay

Cupertino-based tech giant Apple is planning to acquire California-based virtual reality company NextVR in a deal said to be worth $100 million, the media reported.

NextVR is a company that melds VR with sports, music, and entertainment, offering VR experiences for watching live events on VR headsets from PlayStation, HTC, Oculus, Google, Microsoft, and other manufacturers, reports MacRumors.

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According to the NextVR website, the company has established partnerships with the NBA, Wimbledon, Fox Sports, the WWE and more.

The California-based company has been struggling in recent years, leading to a 40 per cent staff reduction recently.

Apple
Cupertino-based tech giant Apple is planning to acquire California-based virtual reality company NextVR in a deal said to be worth $100 million, the media reported. Pixabay

Though iPhone maker has not yet disclosed the acquisition sum, the NextVR employees have been told that they will need to relocate from Southern California to Cupertino.

Apple’s rumoured augmented reality (AR) glasses are also under development and may launch by 2022.

ALSO READ: Xiaomi Patents New Smartphone With “Waterfall Display” (Tech Report)

The company is developing two head-worn products, including a combination AR/VR headset for release in 2022 and “full-fledged” AR glasses for release by 2023. (IANS)