Amazon, whose warehouse buying binge dominated the industrial real estate market is pulling back on much of its space.
“The retail giant has closed or canceled 44 facilities and delayed the opening of 25 sites as of this week, according to MWPVL International, a supply chain and logistics consulting firm that closely tracks Amazon’s distribution network,” reports CNBC.
Click here to see a map of where the warehouse closures or reductions in space are taking place.
“The company is now rethinking its scale at every step of its fulfillment network, from the massive warehouses that pick, pack and ship orders, to the smaller, last-mile delivery stations that are the final stop before packages are dropped off at shoppers’ doorsteps,” according to the article.