Q.Why do goods need to be stored?

Storage/warehousing removes the time hindrance between production and consumption.

• Many goods (e.g., agricultural produce) are produced seasonally but demanded all year round — storage evens out this mismatch.
• Some goods must be manufactured in advance of demand (e.g., umbrellas before the monsoon) and held until the season arrives.
• Storage protects goods from damage, spoilage, theft and quality loss while they wait to be sold or used. …