How do I Start a Warehouse Business? Warehouse Business - Startup Ideas
Warehousing is the act of storing goods that will be sold or distributed later. While a small, home-based business might be warehousing products in a spare room, basement, or garage, larger businesses typically own or rent space in a building that is specifically designed for storage. A warehouse is a building for storing goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial parks on the outskirts of cities, towns or villages.
The function of storage can be carried out successful with the help of warehouses used for storing the goods. Warehousing can also be defined as assumption of responsibility for the storage of goods. By storing the goods throughout the year and releasing them as and when they are needed, warehousing creates time utility.
Market Outlook
The Warehousing and Storage industry provides its clients with storage facilities for a wide variety of goods. Although a large proportion of this is general merchandise, the industry also offers specialized storage of liquids and gases, agricultural commodities and refrigerated goods. Industry revenue is expected to grow at a strong compound annual rate of 8.3% over the five years through 2018-19 to reach £19.8 billion.
