New Distribution ad Supply Chain Industry Projects Increases by 3% in 2024 as Compared to 2023 with 2,322 with New Identified Projects

SalesLeads announced today the CY 2024 results for the new planned capital project spending report for the Distribution and Supply Chain industry. The Firm tracks planned industrial capital projects in North America, covering facility expansions, new plant construction, and significant equipment upgrades. Research confirms 2,322 new projects in the Industrial Manufacturing sector identified in 2024.

Planned industrial project activity within the sector increased by 3% from the previous year.

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

Distribution and Supply Chain - By Project Type

              Distribution/Fulfillment Centers- 239 New Projects

              Industrial Warehouse - 2094 New Projects

Distribution and Supply Chain- By Project Scope/Activity

              New Construction - 1129 New Projects

              Expansion - 427 New Projects

              Renovations/Equipment Upgrades - 777 New Projects

              Plant Closing - 75 New Projects

Distribution and Supply Chain - By Project Location(Top 10 States)

              Texas - 210

              California - 146

              Florida - 140

              New York - 120

              Georgia - 116

              Ohio - 111

              Illinois - 91

              Indiana - 89

              Pennsylvania - 88

             Michigan - 82

YOY Growth by State

Research shows that Mainei state had the highest increase of Distribution and Industrial Warehouse projects tracked, with 50% more projects identified than in 2023. Conversely, Oregon state showed the largest decline of projects tracked, with a 133% decline compared to 2023. 

Most Active Month

Research shows that the most active month was June, where 246 new Distribution and Supply Chain project opportunities were identified.

Largest Month to Month Increase in Projects Tracked

Research shows that there was a 24% increase in new projects tracked from May 2024 to June 2024. Conversely, Jun-Jul showed the largest month to month decline; with 246 new projects in June and 177 in July.

Opportunities - By Equipment Need

              Conveyors - 1384

              Material Handling/Storage Equipment - 1602

              Lift Trucks – 1545              

              Loading Dock Equipment - 1459

              Compressed Air Systems - 2136

              Control Systems and Instrumentation - 449

              Floor Coatings - 1370

              Mechanical Construction -  1997

              Fire Suppression Equipment - 1997

              Networking/Security Equipment - 1997             

Largest Planned Project

During the year 2024, our research team identified 85 new Distribution and Supply Chain facility construction projects with an estimated value of $100 million or more.

The largest project is owned by Pathways Alliance, who is investing $17 billion for the construction of a carbon capture and storage facility in WOOD BUFFALO, AB. They are currently seeking approval for the project.

Top 12 Largest Distribution and Supply Chain Projects

JANUARY

Custom molded fiber products mfr. is investing $350 million for a 150,000 sf expansion and equipment upgrades on their manufacturing and warehouse facility in VONORE, TN.

FEBRUARY

Aerospace and industrial investment management firm is planning for the renovation and equipment upgrades on a recently acquired 2.2 million sf manufacturing, hangar, and warehouse complex at 1200 Haley Dr. in CHEROKEE, AL.

MARCH

Pharmaceutical company is planning to invest $562 million for the renovation and equipment upgrades on a 427,000 sf processing, laboratory, warehouse, and office facility at 1000 New Horizons Way in VACAVILLE, CA.

APRIL

Plastic recycling service provider is planning to invest $950 million for the construction of a 2.5 million sf processing and warehouse facility in THOMASTON, GA. Construction is expected to start in 2025, with completion slated for 2027.

MAY

Specialty food processing company is planning to invest $800 million for the construction of a processing, warehouse, and office facility in JEFFERSON, WI. The project includes the expansion and equipment upgrades of their existing plant in WALWORTH, WI.

JUNE

Department store chain is planning to invest $450 million for the construction of a 1.7 million sf distribution center in RANDLEMAN, NC.

JULY

Industrial wire and cable mfr. is planning to invest $681 million for the construction of a 750,000 sf manufacturing and warehouse facility at 1213 Victory Blvd. in CHESAPEAKE, VA. Construction is expected to start in early 2025, with completion slated for early 2028.

AUGUST

Food processing company is planning to invest $750 million for the construction of a 700,000 sf processing and warehouse facility in SIOUX FALLS, SD.

SEPTEMBER

Supply chain service provider is planning to invest $200 million for the expansion of their warehouse and distribution center in YORK, PA by 705,000 sf.

OCTOBER

Battery component mfr. is investing $871 million for the construction of a manufacturing and warehouse complex at 400 Rocky Rd. in REGISTER, GA. Construction has recently started, with completion slated for 2027.

NOVEMBER

Specialty cold storage and transportation service provider is planning to invest $1.5 billion for the construction of a cold storage and warehouse complex at Wilmington International Airport in WILMINGTON, NC.

DECEMBER

Automotive mfr. is planning to invest $922 million for a 1 million sf expansion and equipment upgrades on their manufacturing and warehouse facility in GEORGETOWN, KY. Completion is slated for 2027.

About Industrial SalesLeads, Inc.

Since 1959, Industrial SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and Outsourced Lead Generation services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, 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 Lead Generation Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team. Visit us at salesleadsinc.com.

Each month, our team provides hundreds of industrial reports within a variety of industries, including:

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