8 Signs That It’s Time To Relocate Your Warehouse
As your business grows or better opportunities are on the horizon, relocation is a massive task. Its time consuming, costly, and labour-intensive. However, you should anticipate this relocation stage as part of the growth of your business.
You may want to be closer to your clients or out of space for your merchandise. Also, transportation costs may be too high and need cost-cutting. As a result, it may be time to move to a different warehouse that can benefit your business. First, however, ensure to seek warehouse relocation services.
So, how do you know that it’s time to move? Here are 8 signs that you can look out for.
Current Location Costs
As time and years go by, your landlord may increase your rent. It might be easier to lower phone bills or energy bills. However, it may be hard that you can negotiate with your landlord to reduce your rent. If you check your monthly budget and note that much money goes towards rent and utilities, it’s time to consider a move. Most landlords raise rent prices while renewing lease contracts. An increase in expenses will eat up your business profits. It is time to check out other locations that make business sense to you.
You Need More Space
Lack of space is the most obvious sign that the current warehouse isn’t enough for your business operations. You should anticipate growth as part of your business. Whether adding more merchandise, hiring more staff, or getting more equipment, you must manage the current space. However, even the most thought-out layouts won’t be enough for business at some point. So, it’s time to look for new space so your employees are more productive and your merchandise is stored properly.
The Industry is Changing
Business industries are always changing. Major brands with years of experience must adapt to changes and customer needs. For a business to thrive, you must update it on these industry changes. For example, a call centre needed a huge office space for its employees. However, these days, call centres are allowing remote work. So, such an office space becomes unnecessary.
You Need to go Remote
As a business owner, you know your business operations more than anyone else. However, do you keep a close eye on your industry? At times, outside factors determine your business needs. For example, your online store sales skyrocket compared to your clothing store. It’s a sign that you must downsize the storefront and focus on the online business. You can look at the larger market and see how your company reflects on it. Based on the observation, you can move your warehouse elsewhere.
Your Business is Growing
Every business owner looks forward to the day their business will succeed. A growing business often involves hiring more staff, hence the need for space. Your business may evolve as you previously worked with a third-party logistics company. Now you are moving to in-house fulfilment that needs lots of space for picking, packing, and shipping. So, moving to a new space requires a proper and effective pallet racking system.
Need to be Closer to Clients
If your business is customer-centred, you need to be closer to them for a better experience. Depending on the kind of business, you will need to consider your location. You must listen to your customer needs to know what’s best for them. Your clients may complain about travelling to your facility, or your staff is using much money to reach the clients. It would be best if you moved closer to the clients for better customer satisfaction.
Need a Physical Location
Your business may be looking for a physical location for its growing needs. Making the switch to a physical location is a serious decision, so consider what exactly your business requires. Also, consider all aspects of having your space, such as utility payments or waste management.
The Current Space is Lacking
A warehouse isn’t just a building space. The quality of the location affects daily operations. For example, if you are in the shipping business, you should have ample space for forklifts and other heavy equipment. If your premise doesn’t have these, it’s time to move. Also, you should check if any maintenance issues need timely repairs since they may harm your staff and business.
There are many signs that your warehouse needs relocation. However, make sure you leap only after thinking it through. Buying a building or signing a lease is a bold step, and you don’t want to stake your business on something that might not work out.
