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Amazon Leads U.S. to $3 Billion in Warehouse, Distribution Q4 Project Kickoffs
September 18, 2023–Researched by Industrial Info Resources (Sugar Land, Texas)–U.S. consumers continue to spend significantly on goods, everything from big-box retail to appliances to pet food, and as such, e-commerce sales continue to rise. Industrial Info is tracking $2.9 billion in warehousing and distribution projects that are set to kick off in the fourth quarter, with e-commerce giant Amazon.com Incorporated (NASDAQ:AMZN) (Seattle, Washington) accounting for nearly half of the spend.
Amazon is expanding its distribution and warehouse space to cover consumer demand, accounting for six related projects worth $1.3 billion that are expected to kick off in the fourth quarter–all of which are for grassroot construction.
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