As the e-commerce market continues to boom, Amazon.com Incorporated (NASDAQ:AMZN) (Seattle, Washington) and other companies are building out warehousing and distribution space across the U.S. Industrial Info is tracking $9 billion worth warehousing and distribution projects under construction in the U.S, with nearly 25% of the activity attributed to Amazon.
Data from the U.S. Census Bureau show a preliminary estimate of U.S. retail e-commerce sales for third-quarter 2024, adjusted for seasonal variation but not for price changes, was $300.1 billion--up from $287.5 million in the first quarter, and an increase of 7.4% compared with third-quarter 2023.
In addition, e-commerce sales accounted for 16.2% of total retail sales in the third quarter of this year.
Amazon is responsible for $2 billion in warehousing and distribution projects across the U.S., buoyed by the buildout of fulfillment centers--facilities that help process orders and ship products directly to end customers, ensuring deliveries of online goods from retailers to buyers.
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Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).
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