Industrial

How one private equity real estate firm is trying to bring flexible industrial facilities to the market in U.S. cities with its Portal Warehousing offering.

Paring costs is increasingly important as e-commerce becomes more popular and accounts for a larger part of revenue.

The rapid delivery company plans to close 76 warehouses across the U.S., representing roughly 12 percent of its network, as it consolidates in some cities.

“We’re seeing a slowdown in our order intake in the construction sector, and those customers are typically the fastest to react,” said Rob Van Gils, CEO of Hammerer Aluminum Industries.

Doug Herrington joined Amazon in 2005 and launched the Amazon Fresh grocery delivery service in 2007.

The dynamics in the cold storage sector are complicated, but the outlook remains strong.

Ocado’s main focus is selling robotic warehouse technology, maintaining partnerships with retailers worldwide.