#HowToLeaseGood: Navigating business growth and expansion for success.

In this edition of How To Lease Good (#HowTLG) we explore navigating business growth and expansion for success. 

In today’s fast-paced business world, growth and expansion are essential for staying competitive. For businesses aiming to scale effectively, knowing when to expand, secure a larger warehouse, and invest in logistics and robotics technology is crucial. At Tenant Leasing Group (TLG) we’re here to guide you through these important decisions and ensure your expansion is smooth and successful.

1. Recognise the Signs: When to Consider Expansion

Expanding your business is a big step that needs careful planning. Here are some signs it might be time to look for a larger warehouse and modernise your operations:

• Increased Demand: If you’re seeing a steady rise in orders or a surge in product demand, your current space may not be enough. Frequent inventory shortages or delays could mean it’s time to upgrade.
• Operational Bottlenecks: A warehouse layout that causes inefficiencies, such as slow shipping times or disorganised storage, could benefit from a larger, better-designed space to improve productivity.
• Growth Projections: If you expect significant business growth or plan to enter new markets, securing a larger warehouse in advance will help you stay ahead of the competition. It’s important to make sure this is commercially sustainable.

2. Evaluating Warehouse Options: Key Considerations

Finding the right warehouse involves more than just picking a bigger space. Consider these factors to ensure it fits your growth strategy:

• Location: The proximity to transportation hubs and your customer base can greatly impact shipping times and costs. Choose locations based on logistical advantages and ease of access.
• Scalability: Look for warehouses that offer flexibility and room for future expansion. A space with adaptable layouts can save you from the hassle of relocating again soon.
• Technology Integration: Modern warehouses often use technology to streamline operations. Make sure the space you choose can support advanced systems like automated inventory management and robotics. According to Toyota’s automated logistics company Vanderlande, by 2026, 75% of large companies will have introduced smart robotic solutions into their warehousing logistics.

Learn more about finding, inspecting and leasing your next warehouse.

3. Introducing Logistics and Robotics: Enhancing Efficiency

As your business grows, integrating logistics solutions and robotics can bring significant benefits:

• Streamlined Operations: Logistics technology, such as warehouse management systems (WMS), helps optimise inventory management, streamline order processing, and reduce errors. These systems provide real-time data and analytics for better decision-making.
• Robotics and Automation: Robotics can boost efficiency in various warehouse functions, from sorting and packing to material handling. Automated systems cut down on labour costs and improve accuracy, allowing you to meet growing demands without sacrificing quality.
• Cost-Benefit Analysis: While investing in logistics and robotics technology can be costly upfront, the long-term benefits often outweigh the initial expenses. Perform a thorough cost-benefit analysis to assess the potential return on investment and how these technologies fit into your growth strategy.

4. Partnering with Experts: Leveraging TLG’s Expertise

At Tenant Leasing Group, we specialise in guiding businesses through the challenges of expansion and technological integration. Our team offers expert advice on selecting the right warehouse space, evaluating logistics solutions, and implementing robotics technology. We understand that every business is unique, and we tailor our services to meet your specific needs and goals.

Conclusion

Navigating business growth and expansion involves careful planning and strategic decision-making. By recognising the right time to expand, thoughtfully evaluating warehouse options, and embracing logistics and robotics technology, you can set your business up for long-term success. Tenant Leasing Group (TLG) is here to support you through every step of your growth journey.

For comprehensive guidance, connect with Phil Reichelt. Let’s realise your expansion plans.

How TLG can support your business through growth and expansion:

Tenant Leasing Group (TLG) bring over half a century of combined experience in retail and industrial property – we specialise in making sure that innovative, growing retailers and other businesses find the best sites and get the best fit-out options as they expand.

We have the access, partners and networks to help get the job done. Appointing industry professionals from the start of your journey can save time and money.

At TLG “we do property so you can do business growth.”

Tenant Leasing Group (TLG) is a commercial property advisory specialised in sourcing and lease negotiation for Warehouses (3,000+ sqm), Head Offices and Multi-Site Retail.

Impeccable service with an entrepreneurial spirit. Trusted for 50+ years’ across Australia & New Zealand.

We do property so you can do business growth.

tl-group.com.au