Warehousing doesn’t need to be complicated.

Overall, the Q1 2024 market landscape presented a dynamic environment for Australian logistics. The 3PL landscape in Q2 is likely to see a continuation of trends from Q1, with potentially tighter space availability in major cities and upward pressure on storage rates due to inflation, potentially leading to slight price hikes for pallet storage.

Benchmarking is essential for informed decision-making in supply chain management. By comparing performance metrics against industry standards and competitors, organisations can identify areas for improvement and drive efficiency.

Traditionally, in the business world, competition is often seen as a zero-sum game with rivals battling it out for market share and dominance. However, in many industries, collaboration between competitors, known as "co-opetition," has emerged as a strategic approach that can lead to mutual benefits and growth. But when does partnering with a competitor make sense?

When determining a storage rate, 3PL providers typically consider several factors related specifically to the storage aspect within the scope of work. In this guide, we'll break down the key factors that influence warehouse storage rates.