In addition to coworking, the expansion of cowarehousing has also been announced. Cowarehousing, unlike coworking, addresses the service sector by providing solutions for businesses that sell items but also need space to store them.
The benefits of coworking are numerous, whether you’re looking for greater adaptability or proximity to your customers. Consider this new perspective on product movement in physical space…
What is cowarehousing?
In the same way that coworkers share a workspace, cowarehousing does the same thing. In the case of cowarehousing, a storage facility (a warehouse) is used by a number of companies, unlike coworking, which uses meeting rooms and private or shared workstations.
Cost sharing is one of the main goals of this model, just like coworking. The plan is for each business to have a separate warehouse or workshop, and other available resources to be shared among participating businesses.
Entrepreneurs who are new to the e-commerce industry may find this solution extremely useful.
Companies benefit in two ways: they can reduce their storage costs while maintaining or gaining flexibility in their inventory management policies.
Reasons to consider cowarehousing as an alternative to traditional office space
Service businesses are particularly well suited to coworking. While it may be suitable for a company that manufactures and sells large goods, it will only be useful for the company’s staff…
So the flexibility and control of the supply chain and inventory management necessary for a business is ignored in the case of coworking. In terms of long-term demand, consumers are increasingly difficult to predict.
Therefore, Cowarehousing provides an acceptable response for these ever-changing unknowns, while helping to improve enterprise-wide logistics monitoring and control.
In short, cowarehousing is a form of coworking that focuses on storage facilities rather than office space. In fact, cowarehousing is a form of coworking in which companies share storage space with each other to save money.