Every business’ goal is to expand and reach new markets. This can be obtained through an increase of volume in sales, by either offering more products, or having a higher volume of products. There are many benefits investing in a under bond warehouse, however, before investing, you must consider whether this is the right choice for your business. Here at WSI, we want to help all business grow through our efficient storage systems in our warehouse- and have created a list of considerations before investing in Sydney warehousing.

Growth Strategies

Before investing into warehouses in Sydney, which will help support your growth, you must consider how you will grow your company. It is not enough to keep the same strategy and expect to grow. You should decide an effective growth strategy- otherwise you will end up with excess stock, and no sales to show for it. In addition, you should estimate how much growth you will achieve using this strategy- that way you have a general understanding as to whether or not a warehouse is necessary. 

The location of the warehouse

The location of your warehouse is absolutely pinnacle in your decision making. You would have to consider where the majority of your target market lies- and as such, locate your warehouse around the area. By doing so, you minimise transportation costs, as well as shipping time. Obviously, this will help your business grow in profits, as well as market sales. When considering location, you must also consider your expansion plans- as to where exactly your business wants to grow. In doing so, you will save a lot of funding in the long-run as well.

The merchandise you plan on offering

Every warehouse handles your merchandise differently. If you were to offer fragile goods or perishables, you should research how the under bond warehousing will handle your merchandise, to ensure the safety of the product. Additionally, if offering fragile goods, you should also consider a warehouse that has minimal transport distance- to minimise the risk. In contrast, if you are selling hazardous or corrosive goods such as chemicals, you should consider an isolate warehouse to minimise contact with your product- ensuring the safety of the workers as well. 

The type of warehouse

Once you have considered the previous options mentioned above, you should consider which type of warehouse is best suited for your needs. Under bond warehouses are licensed by the government to accept imported goods for storage. Bonded warehouses benefit retailers who import goods from foreign countries- as they safely and legally store these goods. On the other hand, public warehouses are licensed by the state, and the rates charged is controlled by the government. They are large warehouses that allow businesses to rent space to store and fulfill their products. Private warehouses can be tailored to the nature of the goods stored- such as a cold environment for food. Private warehousing in Sydney offers better control over movement and storage of your goods. For information on the warehousing we at WSI offer, click here.