October Logistics Snapshot from the Georgia Center of Innovation for Logistics

We just received the October edition of the monthly Logistics Market Snapshot from our friends at the Georgia Center of Innovation for Logistics.

Please download your free .PDF copy directly from their website HERE. As always, below are some encouraging statistics:

October is also what many in the logistics industry refer to as near the end of "peak season" in preparation for the holidays. So, included below are some selected encouraging statistics and a few about the upcoming season of shopping that will soon be upon us:

  • Christmas is only 70 Days from now! And if you forget, remind yourself at: www.xmasclock.com
  • Retailers are expected to hire around 780,000 seasonal workers this holiday season. Here is what a few notables are planning:
    • Amazon.com, the world's largest e-commerce company, will hire 70,000 full-time seasonal workers in the U.S. to meet holiday order demand, a 40% increase over last year.
    • Wal-Mart, the world's biggest retailer, is hiring 55,000 seasonal workers and adding another 70,000 part-time and full-time workers.
    • Other retailers like Macy's (+83,000 hires), Target (+70,000 hires), and Kohl's (+50,000 hires) have also announced plans for adding seasonal workers for the holidays. (Source: shop.org, NRF)
  • This year, online holiday sales are projected to rise 15% over last year to as much as $82 billion. Total holiday sales will experience an estimated 3.9% growth to $602.1 billion. (Source: shop.org, NRF)
  • Net absorption of warehousing space in the US during Q2 2013 totaled nearly +42 million square feet. Atlanta's overall absorption during the Q2 was, by far, the highest in the U.S. with more than +4.5 million square feet. (Source: Colliers International)
  • The Port of Brunswick is now the 3rd busiest port in the U.S. for total roll-on/roll-off cargo, and the #1 in the Nation for new automobile imports, the Port of NY/NJ is now 2nd. (in case a new car is on your Christmas list)

 

For more information, visit the Georgia Center of Innovation for Logistics website.

Posted by LeanCor Supply Chain Group

LeanCor Supply Chain Group is a trusted supply chain partner that specializes in lean principles to deliver operational improvement. LeanCor’s three integrated divisions – LeanCor Training and Education, LeanCor Consulting, and LeanCor Logistics – help organizations eliminate waste, drive down costs, and build a culture of continuous improvement.

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