JACKSONVILLE BEACH, Fla., Jan 26, 2021 (SEND2PRESS NEWSWIRE) -- SalesLeads announced today the CY 2020 results for new planned capital project spending report for the Distribution and Supply Chain industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 2,198 new projects in the Industrial Manufacturing sector identified in 2020.
Planned industrial project activity within the sector increased by 12% from the previous year.
The following are selected highlights on new Distribution Center and Warehouse construction news.
DISTRIBUTION AND SUPPLY CHAIN
PROJECT TYPE
Distribution/Fulfillment Centers- 612 New Projects
Industrial Warehouse - 1,823 New Projects
PROJECT SCOPE/ACTIVITY
New Construction - 1,055 New Projects
Expansion - 482 New Projects
Renovations/Equipment Upgrades - 691 New Projects
Plant Closing - 33 New Projects
PROJECT LOCATION
Texas - 212
California - 153
Florida - 142
New York - 133
Ohio - 124
Indiana - 92
Illinois - 87
Pennsylvania - 86
North Carolina - 78
Tennessee - 75
YOY GROWTH BY STATE
Research shows Tennessee had the highest increase with 35% more projects identified than in 2019. Conversely, Texas showed the largest decline of projects tracked, with a 5% decline compared to 2019.
MOST ACTIVE MONTH
Research shows that the most active month was April, where 214 opportunities.
LARGEST MONTH TO MONTH INCREASE IN PROJECTS TRACKED
Research shows that there was an 18% increase in new projects tracked from March 2020 to April 2020. Conversely, Apr-May showed the largest month to month decline; with 214 new projects in April and 182 in May.
OPPORTUNITIES - BY EQUIPMENT NEED
Conveyors - 1,373
Material Handling/Storage Equipment - 1,579
Lift Trucks - 1,594
Loading Dock Equipment - 1,461
Compressed Air Systems - 1,989
Control Systems and Instrumentation - 662
Floor Coatings - 1,306
Mechanical Construction - 1,835
Fire Suppression Equipment - 1,835
Networking/Security Equipment - 1,835
LARGEST PLANNED PROJECT
In 2020, our research team identified 54 new facility construction projects, estimated value of $100 million or more.
The largest project is owned by Bureau of Engraving & Printing, planning to invest $1.4 billion for the construction of a 1 million sf warehouse & office facility in BELTSVILLE, MD. The project is in early design stage.
TOP 12 LARGEST DISTRIBUTION AND SUPPLY CHAIN PROJECTS
JANUARY
Federal defense agency is planning to invest $125M for construction of a warehouse, office & aircraft maintenance hangar in FAIRFIELD, CA.
FEBRUARY
Global online retailer is investing $295M for the construction of a 645,000sf distribution center in BONDURANT, IA.
MARCH
Commercial airline is planning to invest $550M for a 325,000sf expansion, renovation & equipment upgrades on aircraft hangar, warehouse, & office facilities at Tulsa International Airport in TULSA, OK
APRIL
Biotechnology company is planning to invest $200M for construction of a 416,000sf warehouse, processing & laboratory facility in PLAINVILLE, MA.
MAY
Global online retailer is investing $350M for the construction of a 4M sf distribution facility in CLAY, NY.
JUNE
Cooperative food wholesaler is planning to invest $300M for the construction of a 918,000sf distribution facility in HERNANDO, MS. They will consolidate regional operations upon completion in Spring 2023.
JULY
Aluminum can and glass bottle mfr. is planning to invest $366 million for the construction of a 908,000sf manufacturing, warehouse, laboratory, and office facility in OLYPHANT, PA.
AUGUST
Global online retailer is planning to invest $400M for construction of a 3.8M sf distribution center in DETROIT, MI.
SEPTEMBER
Food production company is planning to invest $314M for construction of a greenhouse, processing, distribution complex in EARLY BRANCH, SC. Construction will occur in phases, completion of first phase 2022.
OCTOBER
LNG provider is planning to invest $542M for construction of processing, warehouse & office facility in JACKSONVILLE, FL.
NOVEMBER
Federal agency is planning to invest $1.4B for construction of a 1M sf warehouse & office facility in BELTSVILLE, MD. In early design stage.
DECEMBER
Online video streaming service provider is planning to invest $1B for expansion of warehouse, studio production & office complex in ALBUQUERQUE, NM.
ABOUT SALESLEADS INC.
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News Source: SalesLeads Inc.
Related link: https://www.salesleadsinc.com/
This press release was issued on behalf of the news source, who is solely responsible for its accuracy, by Send2Press Newswire. To view the original story, visit: https://www.send2press.com/wire/distribution-and-supply-chain-2020-annual-report-planned-capital-projects/