Distribution and Supply Chain Shows 13% Decrease in May 2022

SalesLeads announced today the May 2022 results for the new planned capital project spending report for the Distribution and Supply Chain industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 148 new projects in May and 170 in April in the Distribution and Supply Chain sector as seen in the enclosed chart.

The following are selected highlights on new Distribution Center and Warehouse construction news.

Distribution and Supply Chain - By Project Type

          Distribution/Fulfillment Centers - 45 New Projects

          Industrial Warehouse - 136 New Projects         

Distribution and Supply Chain- By Project Scope/Activity

          New Construction - 70 New Projects

          Expansion - 42 New Projects

          Renovations/Equipment Upgrades - 42 New Projects

          Closing - 3 New Projects

Distribution and Supply Chain - By Project Location (Top 5 States)

          Ohio - 13

          California - 10

          Indiana - 10

          Texas - 10

          New York - 9    

Largest Planned Project

During the month of May, our research team identified 4 new Distribution and Supply Chain facility construction projects with an estimated value of $100 million or more.

The largest project is owned by Canada Post, who is investing $366 million for the construction of a 585,000 sf warehouse and distribution facility in SCARBOROUGH, ON. Completion is slated for early 2023.

Top 10 Tracked Distribution and Supply Chain Project Opportunities

Georgia:

Consumer products mfr. is planning to invest $205 million for the construction of a 1 million sf warehouse and distribution center at 950 Logistics Pkwy. in JACKSON, GA. They are currently seeking approval for the project.

Michigan:

Pharmaceutical company is planning to invest $160 million for an expansion and equipment upgrades at their warehouse, manufacturing, and laboratory facility in GRAND RAPIDS, MI. They are currently seeking approval for the project.

New Jersey:

Film production company is planning to invest $125 million for the construction of a 300,000 sf warehouse, film studio, and office facility in NEWARK, NJ. They are currently seeking approval for the project. Completion is slated for late 2024.

Nebraska:

Industrial supplies mfr. is planning to invest $58 million for the expansion of their warehouse and manufacturing facility in VALLEY, NE by 80,000 sf. They have recently received approval for the project.

Minnesota:

Logistics service provider is planning to invest $50 million for the construction of a 235,000 sf warehouse and distribution facility in LUVERNE, MN. They have recently received approval for the project.

Missouri:

Cleaning products mfr. is planning to invest $50 million for the renovation and equipment upgrades on a distribution center in ST. JOSEPH, MO. Completion is slated for late 2023.

Florida:

Aviation service provider is planning to invest $40 million for the renovation and equipment upgrades on their hangar, warehouse, and office facility in BOCA RATON, FL. The project also includes the construction of a 64,000 sf hangar and office facility.

Arizona:

Third party logistics provider is planning for the renovation and equipment upgrades on a recently leased 451,000 sf warehouse and distribution facility at 2250 S. Litchfield Rd. in GOODYEAR, AZ.

New York:

Global online retailer is planning for the construction of a 250,000 sf distribution center at Whitestone Expy. in COLLEGE POINT, NY. Completion is slated for late 2023.

California:
Beverage company is planning for the construction of a 205,000 sf warehouse at 791 E North Ave in FRESNO, CA. They are currently seeking approval for the project.

About SalesLeads, Inc.

Since 1959, SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, IMI identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Prospecting Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team.

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