Even if you’ve never heard of the concept of shared warehouse storage space, it’s still a great way to cut down on storage costs and improve your overall storage management.
Many people will tell you that they would never choose shared storage space over dedicated storage space, but this is an outdated attitude to me.
As homeowners, tenants, and even small business owners, we all know that space is limited. However, it seems that many entrepreneurs don’t consider shared warehouse storage space a viable option. Before deciding whether you should go without dedicated space, here are 9 reasons you should consider shared warehouse space. Take a look!
9 Reasons Why Shared Storage Spaces are Better
Whenever looking for a storage space that meets your supply chain needs, you must go for shared storage spaces as they are far better in case of zero investment. Let’s dig deeper into these reasons!
#1. Cost-Effective Option
When we talk about shared storage, the biggest reason why it’s considered a better alternative is cost. A company will have to spend less on the space they will use to store goods. This is the reason why a shared warehouse space is a common choice for the purpose.
Going out and building a storage space for your supplies needs can be costly. As a result, there is a risk of losing competitiveness in the market or abandoning part of the rate of return.
In this situation, shared storage space is the best option for you to share something else or costs. All customers who use the storage space share all associated fees, and that’s how the cost will drop.
#2. Best Security For Your Belongings
Sharing warehousing spaces means the items stored there are, in many cases, out of sight, out of mind. Shared spaces help make sure that the items stored in them stay safe, secure, and under one roof.
Do you know how much money you need to finance a storage space to make it completely secure? Companies offering shared storage space services are investing heavily in storage space security.
They implement multi-tiered physical security, high-end IT infrastructure, cameras, and 24/7 security personnel. In fact, don’t be surprised that some shared storage spaces are more secure than private ones. By storing your products in such facilities, you can get your products in the best possible condition. So, for keeping your precious things secure, shared storage space will stand best.
#3. Easy Access to Specific Resources
Businesses must handle their available resources well in shared storage space. For example, imagine using a shared storage space in a warehouse. You don’t need access to every single resource all the time, but you need to have a way to find those resources when required. Having a single shared location with everything you need to operate your business means you won’t have to spend as much time and money looking for the things you need.
Also, shared storage spaces are constructed to meet exact needs and lure customers. Some items need to be stored extraordinarily. For example, a product may require a particular temperature, but others do not. Take this option to keep your products at a pinch of the price and under specific certification.
You may use the resources to keep your products at different portions of the storage space according to their needs.
#4. Zero Capital Investment
The advantage of shared storage space is that it uses very little or sometimes zero capital.
Different Companies provide customers and businesses with a cheap shared storage space rental solution to save the highest cost.
Shared storage spaces are mainly divided into specific areas, and goods are stored in a standard storage system with state-of-the-art equipment. Although it is a shared storage space, the products have separate rooms, and the products are arranged according to the formal shelves rows so as not to be confused with the products of other companies.
#5. Different Services
In addition to the inventory storage space leasing service, Shared storage space companies also provide ancillary services to support the company in distributing goods optimally.
Following are services that most companies provide:
- Customs clearance service agent
- Goods delivery service
- Multimodal transport service
- Loading and unloading service
#6. Industry Knowledge
It is not uncommon for logistics service providers to focus on a particular sector. Shared storage space 3PL has staff with specific industry knowledge about job profiles, storage space management, storage space efficiency, and industry-related shipping details. This knowledge is valuable in building synergies and efficiencies within the supply chain.
#7. Flexibility to Expand
Shared storage spaces are the perfect solution for expanding your business. For medium-sized or fast-growing companies, the shared environment provides a flexible warehouse environment that allows you to “grow into space”. With a multi-client warehouse, you can grow your footprint as your business grows. For example, you need 80,000 square feet today, having a 10-20% growth plan over the next 24 months.
#8. Management Expertise
When you choose a shared storage space, you get access to the latest storage and management systems. Shared Warehouse 3PL knows how to manage cargo using online reports, KPIs, and more appropriately. So, you may get the expertise to handle this, and it will be helpful to you when you go for your own build storage space.
#9. Short Term Contracts
Shared warehouse contract terms can be designed in a shorter period (1 to 3 years) than dedicated facilities. The temporary contract period allows you to evolve your business and expand your supply chain.
Wind Up
Many people considering warehouse space for their business are scared off by the cost of traditional warehouse space. However, the cost of using shared warehouse space is much lower, and the benefits can be incredible, cutting off your workload to handle the stock of your products.
So, whether you are setting up your new business and need storage space or relocating home, shared storage space is a wise choice for all good reasons.
Ravel Storage offers a wide variety of good spaces at remarkably low prices for people looking for shared storage in Abu Dhabi. Get your quote now.