Executive Briefings

Seattle Importer Finds Collaborative Logistics Key to Maximizing Use of Warehouse Space

Raj India Trading Co. found itself with a happy problem when it switched from importing bulky flower planters to smaller cremation urns: plenty of empty space at its warehouse in the Seattle suburbs.

Seattle Importer Finds Collaborative Logistics Key to Maximizing Use of Warehouse Space

Warehouse space comes at a premium in Seattle, where the vacancy rate is just 5.6 percent, according to CBRE Inc., a real-estate brokerage. With several more years left on its lease, Raj started renting out small sections of its floor on a month-to-month basis using Flexe Inc., an online service that pairs warehouse owners with companies that need space.

“It just offsets some of what I pay out of pocket for rent,” said Jeff Lykins, Raj’s owner.

It also helped several companies who had exceeded their storage capacity and needed a place to stash extra goods. Raj’s imports have shared shelves with pallets of toys, auto parts and ramen noodles. This type of arrangement is known as “collaborative logistics” - that is, when companies work together to maximize efficiency in their supply chains, rather than operating in isolation.

Read Full Article

Warehouse space comes at a premium in Seattle, where the vacancy rate is just 5.6 percent, according to CBRE Inc., a real-estate brokerage. With several more years left on its lease, Raj started renting out small sections of its floor on a month-to-month basis using Flexe Inc., an online service that pairs warehouse owners with companies that need space.

“It just offsets some of what I pay out of pocket for rent,” said Jeff Lykins, Raj’s owner.

It also helped several companies who had exceeded their storage capacity and needed a place to stash extra goods. Raj’s imports have shared shelves with pallets of toys, auto parts and ramen noodles. This type of arrangement is known as “collaborative logistics” - that is, when companies work together to maximize efficiency in their supply chains, rather than operating in isolation.

Read Full Article

Seattle Importer Finds Collaborative Logistics Key to Maximizing Use of Warehouse Space