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Amazon Fuels North America’s Most Severe Warehouse Shortage The pandemic has seen the e-commerce giant increase its logistics footprint by nearly 12 million sq. ft. across nine major Canadian markets. Bloomberg | May 05, 2021
(Bloomberg) Finding warehouse space around Toronto has never been harder, and the e-commerce fueled shortage is disrupting businesses and threatening the broader economy.
With the pandemic driving a belated embrace of online shopping in Canada, Amazon.com Inc. has been gobbling up warehouses. That’s pushed the vacancy rate in the Toronto area down to just 0.5%, making it the tightest market in North America, if not the world.
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Finding warehouse space around Toronto has never been harder, and the e-commerce fuelled shortage is disrupting businesses and threatening the broader economy.
With the pandemic driving a belated embrace of online shopping in Canada, Amazon.com Inc. has been gobbling up warehouses. Thatâs pushed the vacancy rate in the Toronto area down to just 0.5 per cent, making it the tightest market in North America, if not the world.
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Try refreshing your browser, or Amazon is fuelling North America s worst warehouse shortage â and it s right here in Canada Back to video
Amazon Fuels Canada’s Severe Warehouse Shortage
An Amazon employee wearing personal protective equipment at a fulfillment center. (Amazon.com)
Finding warehouse space around Toronto has never been harder, and the e-commerce-fueled shortage is disrupting businesses and threatening the broader economy.
With the pandemic driving a belated embrace of online shopping in Canada, Amazon.com Inc. has been gobbling up warehouses. That has pushed the vacancy rate in the Toronto area down to just 0.5%, making it the tightest market in North America, if not the world.
Logistics consultant Richard Kunst is seeing the fallout firsthand, as companies try to fill orders and move merchandise. One client, a food manufacturer, has been forced to pack roughly a third of its orders in a parking lot. Others are so desperate for warehouse space Kunst has advised they ask local farmers if they can keep goods in their fields.
Kunst Solutions launches organization first aid March 10, 2021 Maryam Farag
Kunst Solutions Corp. has launched organizational first aid; a solution that allows access to live virtual support from lean practitioner industry experts in short sessions.
“After years of working on long consulting engagements with leaders of multinational organizations, we realized that a large group of decision-makers out there needs expert organizational support, but didn’t have access to it.”
. said Richard Kunst, President, Kunst Solutions.
A 40-minute session costs $184, where leaders can receive consulting advice on resolving concerns, identifying options, solving specific problems, validating a path, or coaching and mentorship.
“The great need for a cost-effective solution that helps leaders is why we created organizational first aid,” said Mariela Castaño-Kunst, COO, Kunst Solutions. “Lean methodologies have proven so successful for our large clients