The warehousing industry has seen employment more than triple since 1990. While there have been a few dips during recessions, the entire industry has been steadily increasing. Just in the last 10 years, it has seen a significant increase in the rate of growth.
Let’s take a look at the details of the exciting employment growth the warehousing industry is experiencing.
1. Definition of Warehousing and Storage
First, let’s define warehousing. This industry includes businesses working with general merchandise, refrigerated goods, and other products. The businesses in this industry provide space to store goods. Along with space for storage, they secure the goods and implement management systems of their inventories. They may also provide logistics services like packaging, transportation, and ticketing as well.
2. Logistics Employment Growth
As overall industry growth continues to accelerate, there will no doubt be a great need for more employees to assist with logistics. More products means more product life cycles that need coordination and oversight. You can expect to see a steady stream of logistics-focused warehousing jobs to continue to open up across the country.
3. Some Job Types May Decline
Despite all of the growth in the industry, there are actually some positions that may be shrinking due to technological advances. For example, while more products and clients require more customer service, a lot of customer service functions may be able to become automated. This may offset growth in this area of warehousing employment and even lead to a slight decline in the next several years.
4. Managers Need Better Systems To Meet Demands
As employment picks up across the industry and seasonal increases become larger to meet market demands, managers in warehouse settings need easier and quicker tools to help them oversee growing numbers of workers and products. Many managers are thus looking for easier to use warehouse management systems. Quality user interfaces, powerful capabilities, and integrated applications all can help meet these needs. With the proper systems in place, management in warehouses will be better prepared for growing flows of goods and workers.
5. Wages Continue To Rise
Employment wages are worth looking at as well. From 2009 to 2019 in the United States, there has been a $3-4 average wage increase per hour for workers across the industry, with average earnings reaching about $21/hour by the end of 2019. For non-supervisor and production employees, wage increases have been slightly lower since 2009, just under $3 per hour or so. Current average wages for these employees sit around $18.50 per hour.
Overall, it’s clear that employment, wages, and industry production have risen significantly over the past few decades. This trend is expected to continue for at least the next 10 years.
If you are thinking of changing your warehouse storage provider or are in need of new warehouse storage for your business, contact JP Property Management today. We would love to show you around our Louisville warehousing facility. We’re happy to give you more detailed pricing information and answer any questions you might have. Give us a call at 502-550-7126 today!