Market Overview

Life Storage Expands its Warehouse Anywhere Last Mile Delivery Solution

Share:

Proprietary Inventory Tracking Platform and National Footprint
Provide Third-Party Logistics Solution to Corporate Customers of all
Sizes

Life
Storage, Inc.
, (NYSE:LSI), a leading national owner and operator of
self storage properties, announced today the launch of its intelligent
warehousing solution by Warehouse
Anywhere
, a subsidiary of Life Storage, to help solve the final mile
delivery challenge of its corporate customers. Warehouse Anywhere
provides third-party logistics (3PL) and warehousing services through a
forward deployed, unmanned, de-centralized model combining storage asset
management with proprietary inventory tracking technology. As a final
mile delivery solution, Warehouse Anywhere gets products closer to
customers, reduces logistics costs, increases inventory tracking
accuracy and improves delivery time.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180904005656/en/

"Corporate and small business customers are an increasingly important
segment for Life Storage. Leveraging Warehouse Anywhere to efficiently
solve last mile delivery challenges is an exciting opportunity to
develop deeper customer relationships," commented Life Storage COO Ed
Killeen. "Using our technology and a network of more than 10,000 Life
Storage or partner facilities, our customers can forward deploy
inventory at a local level to help meet their customers' needs."

Warehouse Anywhere customers can choose from three proprietary product
offerings to best meet their service and support needs:

  • Enterprise solution is a comprehensive, forward-deployed,
    hyperconnected inventory system combining Warehouse Anywhere's
    superior footprint of micro storage centers, live inventory tracking
    technology, 24/7 account team support and ancillary services for an
    unparalleled final mile supply chain solution.
  • Lightspeed is geared toward e-commerce companies, a fast-growing
    retail segment. These customers' storage needs are co-mingled to lower
    costs, while inventory services and final mile delivery are charged on
    a per transaction basis. Lightspeed enables e-commerce companies to be
    nimble and competitive with greater speed of delivery to their
    customer.
  • Core is a value-add service to commercial self storage clients,
    providing them with Warehouse Anywhere's online customer portal and
    mobile app for complete transparency and control over their downstream
    supply chain.

Warehouse Anywhere has been successfully deployed in several industries,
including retail, service and repair, and healthcare. "Warehouse
Anywhere provides both a cost-efficient supply chain solution and
unparalleled visibility into our local inventory management," noted Joe
Sponseller, Regional Service Director at Diebold Nixdorf, Incorporated.
"Warehouse Anywhere is an important partnership to help us manage the
availability and timely delivery of our inventory to assist us in
maximizing uptime in our customers' ATM networks."

Warehouse Anywhere's cloud-connected warehousing solution allows for
real-time inventory tracking, control and reporting. Radio frequency
identification (RFID) technology is installed in each storage unit,
tracking inventory that enters and exits with accuracy that can't be
achieved manually. Spyglass, an online inventory management portal,
seamlessly integrates into clients' Enterprise Resource Planning
networks to view, manage and report on inventory from desktop or mobile
devices. Access is controlled via mobile app and Bluetooth-enabled
intelligent locks.

For an overview of the Warehouse Anywhere platform, visit: https://www.warehouseanywhere.com.

ABOUT LIFE STORAGE, INC.:

Life Storage, Inc. is a self-administered and self-managed equity REIT
that is in the business of acquiring and managing self storage
facilities. Located in Buffalo, New York, the Company operates more than
700 storage facilities in 28 states. The Company serves both residential
and commercial storage customers with storage units rented by month.
Life Storage consistently provides responsive service to its 400,000
customers, making it a leader in the industry.

For more information, visit https://www.lifestorage.com.

ABOUT WAREHOUSE ANYWHERE, LLC:

Warehouse Anywhere, a subsidiary of Life Storage, was created in 2016
after purchasing the assets of Intelligent Logistic Solutions. By
combining this technology with Life Storage's existing storage
management division (formerly known as Corporate Alliance), Warehouse
Anywhere offers commercial customers a third-party logistics (3PL) and
warehousing solution to their storage and inventory management needs.

For more information, visit https://www.warehouseanywhere.com.

View Comments and Join the Discussion!