Amazon, the world’s largest online retailer, is on track to double its network of distribution centers, fulfillment sites and sorting facilities over a two-year period that began early in the pandemic, preparing for another record-breaking year of industrial expansion even in the face of labor and supply chain headwinds.
In September alone, the Seattle-based e-commerce and cloud computing company said it opened more than 100 delivery stations and fulfillment centers across the country, a pace that bodes well for the nation’s industrial market given Amazon’s role as one of the largest and most active industrial tenants in the sector.
“The amount of space we have for inventory is going up at a higher rate than our units shipped right now,” Amazon’s Chief Financial Officer Brian Olsavsky told investors on the company’s latest earnings call, adding that distribution center capacity has doubled since the beginning of the pandemic in early 2020. “We’ve really been chasing demand for the last two years. We expect the long-term trends to be strong in this business, and we’re investing as such.”
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