Self-storage and business storage solutions company XtraSpace launched a new warehousing service this month, aimed at “disrupting the traditional warehousing industry”.
The service is also providing an opportunity for smaller businesses and entrepreneurs to use storage space.
Traditional warehousing requires a long-term commitment and significant capital investment, neither of which is a good fit from small and medium- sized enterprises (SMEs) or for entrepreneurs, says XtraSpace. The nature of business in SMEs and start-ups is that business needs and storage requirements can change quickly.
In addition, SMEs also face unavoidable cash flow fluctuations and may not be in a financial position to commit to leasing, setting up, staffing and maintaining a full warehouse space.
Even in established companies, frequent or seasonal fluctuations in customer demand may be experienced, which affects the levels of inventory or merchandise they need to store.
As such, XtraSpace has decided to extend its new service to target SMEs and entrepreneurs, with the availability of flexible warehousing space and fulfilment services, which are available on demand.
XtraSpace says supply chains can be optimised, by placing inventory or merchandise in the right place within a required timeframe. The company also explains that its new service means businesses can hire as much or as little space as is required, on flexible terms, which eliminates expenses on unnecessary or unused storage space.
In addition, XtraSpace’s service comes with logistical support, including security staff, already in place, which further decreases costs for customers.
Customers are able to change warehousing space accordingly, with the service being adaptable to changing circumstances in businesses.
“If you suddenly need storage space, you won’t have to waste your time searching for a suitable property or negotiating a lease. Similarly, if you no longer require warehouse space, simply move out. No long-term agreement will force you to pay for space that you don’t need.”
The company mentions that the warehousing service is a good temporary warehousing option if business premises are being renovated, relocated, or if remote branches are being opened.
Warehouse owners will also benefit, by leasing out otherwise unused space in their facilities. This allows businesses and warehouse owners to take advantage of floor space throughout the year.