Specialized Warehousing and Storage comprises establishments warehousing and storage facilities for particular categories of goods that need specialized treatment. A main example is farm product bonded warehousing and storage, farm product private warehousing and storage and grain elevators. Other examples are automobile dead storage, bulk petroleum storage, document storage and warehousing, lumber storage and whiskey warehousing.
The global specialized warehousing and storage market was valued at $113.1 billion in 2017. North America was the largest geographic region accounting for $31.3 billion or 27.7% of the global market. And the USA was the largest country accounting for $23.8 billion or 21.1% of the global specialized warehousing and storage market.
Many warehousing and storage companies are using big data analytics as a tool to plan and optimize warehouse operations. Big data analytics refers to the process of examining large sets of data to obtain useful information such as hidden patterns, market trends, unknown correlations and customer preferences. Big data analyses the location, capacity and flexibility of warehouses to predict customer requirements. It helps in improving warehouse planning and replenishment and creating lean supply chains with sophisticated inventory systems. This maximizes workflow, improves floor utilization and increases operational efficiencies and ROI.
Companies Covered: Mitsubishi Logistics, Kuehne + Nagel International AG, Iron Mountain Inc, Kinder Morgan Inc, Apex Oil Company Inc
Market Segments Included: Automobile Dead Storage, Bulk Petroleum And Chemical Storage, Document Storage And Warehousing, Whiskey Warehousing, Others - Specialized Warehousing And Storage
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