The Economic Perspective: “Stores to Warehouses”

Mary:  This is Mary Walden with economist MW welcoming you to the economic perspective.  Today’s program looks at stores to warehouses.   Mike, it’s expected many things in the economy will change as a result of the coronavirus, even after it is long gone.  One expected change is how will shop and buy.   As a result, could we see how many buildings are used?

 

Summary Answer

  • An on-going trend that has been reinforced by the virus is buying on-line rather than in-person
  • In fact, on-line buying combined with at-home delivery has surged during the virus
  • This is creating the need for more warehouses where products are stored prior to delivery
  • Consequently, with many stores and shops that relied on consumer visits shutting down, some experts think those structures will be converted to warehouses
  • So, in five years when you walk around a downtown or shopping center, may see more warehouses than stores
  • I’m MW

 

Mary:  And I’m Mary Walden for the Economic Perspective, an NC State Extension program from the Department of Agricultural and Resource Economics.