Why Amazon’s Warehouse Pullback is Good News for Contractors
Post date
June 24, 2022
Body
Sebastian Obando, Construction Dive
A slowdown by Amazon is a boon for others in the warehouse sector, especially for procurement of materials, according to industry sources.
Last month, Amazon announced plans to shed at least 10 million square feet of warehouse space after reporting slow growth and a weak profit outlook that it attributed to overbuilding, according to Bloomberg.