Phoenix Investors Admin

Storing and handling food products requires special considerations beyond the scope of what a standard warehouse can provide. Proper storage for food items requires strict compliance with various federal, state, and local regulations to ensure that the food remains safe for consumption during its journey through the supply chain. Warehouses that meet regulatory standards and certifications for food storage are considered “food-grade.” What is a Food-Grade Warehouse? First and foremost, food-grade warehouses in the United States must achieve registration with the U.S. Food and Drug ... Read More

At the height of the COVID-19 pandemic, retailers started to run out of inventory, and manufacturers ran out of raw materials to make more. As a result, stockouts among U.S. retailers jumped from 14% in 2019 to 35% in May of 2020. Nearly two years later, many retailers continue struggling to keep goods on the shelves in the face of increased demand. Many manufacturers still can’t get the essential components they need, such as semiconductors, steel, wood, and much more. These ongoing inventory shortages have ... Read More

A talent shortage continues to create problems for American businesses across all industries. While the pandemic gets the brunt of the blame for ongoing supply chain disruptions, the logistics and transportation labor shortage makes it increasingly difficult for companies to mitigate supply chain risk. The truck driver shortfall hit 80,000 drivers in 2021 and is expected to grow to 160,000 by 2030. Meanwhile, 61% of respondents to a Peerless Media survey reported they are hiring warehouse workers to address materials handling, logistics, and supply chain ... Read More