The weak economy and general economic uncertainties are also having an impact on the logistics services sector. While buffer warehouses were built up during the pandemic and storage capacity was desperately sought in some cases, the market for managed warehouse space is now seeing an increase in vacant space.
“At Logivisor.com alone, we currently have around 1.5 million pallet spaces on offer – and the trend is rising,” says Florian Loeßer, Head of Logivisor.com. The logistics service provider exchange attributes the increase of around 30 per cent compared to the previous year to the reduction of overcapacities on the one hand, while a slump in new customer business is also noticeable on the other.
“E-commerce and consumer trade in particular, but also the chemical and pharmaceutical sectors, are in decline, which is ultimately also reflected in the logistics service providers. The economic situation is also prompting companies to increasingly cover services in-house,” says Loeßer.
As a result, Logivisor.com has also shifted its focus in recent months. Founded at the beginning of 2021 by the holistic logistics property consultant Logivest primarily to support industry and trade in their search for managed warehouse space, active location marketing for logistics service providers is now booming. “Even though we have developed Logivisor.com, an online platform that filters initial results based on algorithms, it was important to us right from the start to have a team of experts in the background to provide personalised advice. This also gives us the flexibility to adapt to the changing market,” says Marco Mendes, COO of Logivest.
From simple logistics processes to complex fulfilment services – the range of available managed storage space is broad and covers all sectors and services. According to Logivisor.com’s experience, a pallet space currently costs between €5.00 and €9.00, depending on the region, product and requirements. “We have gone from massive excess demand to excess supply. Even if it may sound absurd to some in view of the current situation, now would be the right time for companies to plan new outsourcing projects. Because the situation can change again quickly,” says Loeßer.
