Asos plans a fifth warehouse to reduce delivery times
// Asos is looking for a new warehouse to reduce delivery times
// Finance boss Mathew Dunn has said this will allow Asos to reach capacity of over Â£ 6bn by the end of 2023
Asos is said to have planned a fifth warehouse in order to reduce customer delivery times.
CFO Mathew Dunn said the initiative would see Asos reach more than Â£ 6 billion in capacity by the end of 2023.
Asos is on the hunt for a new warehouse in continental Europe as it seeks to capitalize on the internet boom following Covid-19.
READ MORE: Asos confirms the resignation of its president Adam Crozier
The online fashion retailer told investors this month it was in “early planning stages” for its fifth distribution center, which will most likely be located on the continent, The Telegraph reported.
Asos already has depots in the UK, Germany and the US, and its warehouse in Lichfield is slated to open next year.
It is working to balance its sea, air and road freight due to rising costs caused by the disruption of global supply chains by the pandemic.
To handle the increased transit time from the UK to Europe due to Brexit, the company is also using additional ports for entry into the EU to reduce custom wait times. The objective is to reduce the delays to four days against the current eight.
Asos said the shortage of heavy truck drivers in the UK was not impacting day-to-day operations.
More than two-thirds of customers can receive their order the next day. Asos also offers same day delivery in London, as well as click-and-collect services worldwide.
In February, he bought the Topshop, Topman, Miss Selfridge and HIIT brands, but not the stores, from the collapsed Arcadia group for Â£ 330million.
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