Why Amazon’s warehouse pullback is good news for contractors
Published June 13, 2022 / Sebastian Obando / Construction Dive
The e-commerce giant has slowed its building spree, freeing up hard-to-find materials and land for other projects in the booming sector.
A slowdown by Amazon is a boon for others in the warehouse sector, especially for procurement of materials, according to industry sources.
Last month, Amazon announced plans to shed at least 10 million square feet of warehouse space after reporting slow growth and a weak profit outlook that it attributed to overbuilding, according to Bloomberg. (READ MORE)
