Types of Warehousing
Warehousing is the act of storing goods in a safe secure place until they are distributed or exported.
The main function of a warehouse is to store products or goods before moving them to another location. But there can be some secondary functions of warehousing that enhance a warehouse’s space.
When warehouses are placed in a very strategic location, these can become shipping hubs that receive shipments until they can be moved to other storage facilities across the country.
Warehouse is broadly defined into 3 types:
Private Warehouses: Owned by private entities to store their own products or equipment.
Public Warehouses: Owned by a government and semi-state body. They are available for rent by private firms to store goods.
Bonded Warehouses: A bonded warehouse is a secure warehouse in which goods are stored until customs duty is paid or the goods are cleared for export.
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