A logistics park is a defined area for a group of businesses situated together, all of which operate in the sector. It is not unlike an industrial or office park and one major advantage is that it enables workers to collaborate more easily and efficiently. A logistics park will have a range of businesses catering to each part of the supply chain. There may be a warehouse, a shipping company and a distribution facility all situated in the park, making the flow of business so much more convenient.
Advantages can be seen in business profitability
The advantages can be seen in profitability, so it is no surprise that logistics parks are becoming more and more popular. They are springing up in countries around the world as more businesses realise the potentials. Logistics parks were once common in densely populated areas and such has been their success that built-up urban areas in the US are beginning to adopt the model. Europe and Asia have also focused on the development of logistics parks.
As logistics parks grow in popularity, it may be profitable for your business to consider relocating to a park. You will still need to ensure you have easy access to services you require, of course, but more businesses are making the leap; for most, it pays off.
Logistics sector is growing in popularity
Logistics businesses often use stacking component boxes known as lin bins, which can be obtained from a range of suppliers. These lin bins are ideal for the storage of small parts. According to Your Story, the logistics sector is once again emerging as the favourite of investors and startups in the business to business sector.
Many businesses require distribution activities, storage, sorting, shipment and truck or container parking and maintenance, which can be grouped together in a logistics park. There are also environmental bonuses, such as removing heavy traffic from the roads and reducing future volumes on some arterial routes. They can also attract more businesses, which can potentially blend into the supply chain.
Logistics parks can be situated at main hubs, such as seaports and near airports, or on greenfield sites near main thoroughfares. With a rising and falling economy and fluctuating market, industries are under pressure to best manage the logistics side of the business. The logistics park fills this gap.