GigaCloud enters into three new warehouse leases in September

GigaCloud Technology has entered into three new warehouse leases in September 2023. These warehouses are scheduled to commence operations in October 2023, resulting in 24 total warehouses globally for the Company. The additional capacity need was fueled by further expansion of GigaCloud’s B2B marketplace and ensures customers receive the logistical support they need to run their businesses. Two of these warehouses will be situated in the U.S. in Savannah, Georgia, and Rancho Cucamonga, California, covering a combined area of approximately 784,300 square feet, resulting in a 20.7% increase of the warehousing space in the U.S. The third warehouse, located in Bremen, Germany, will encompass a total space of approximately 110,400 square feet, marking a 47.8% increase of the total warehouse areas in Germany. These strategically placed warehouses will primarily serve as key distribution centers for GigaCloud’s large parcel merchandise, ensuring efficient storage, processing, and distribution of products. Following the addition of three new warehouses, totaling approximately 894,700 square feet, the GigaCloud global warehouse network now spans across North America, Europe, and Asia, encompassing a total area of approximately 5.2 million square feet.