摘要: |
As the nation comes out of the perils of COVID-19, supply chains and inventory levels are being tested in ways never envisioned. As a result, companies are re-thinking their supply chains and the resiliency of their inventories in all aspects of their operations. This includes a hard look at warehousing and the need for more space.Prior to the pandemic, the industrial real estate market, which includes warehouses and distribution centers (DCs), was already on steroids, pushing further to its highest peak. Among the factors affecting the surge was the mammoth shift to online shopping last year and third-party logistics (3PL) providers looking to expand their footprints to accommodate this trend. E-commerce alone accounted for 16% of total leasing in 2020, JLL reports."The pandemic sent Shockwaves to the supply chain, forcing retailers to look at how they track and stock inventory," say Mehtab Randhawa, director, and Kelsey Rogers, senior analyst, of JLL Industrial Research in a statement.New technology aimed at tracking inventory and planning the logistics for distribution also played a major role in changing consumer expectations regarding delivery times, they add.Faced with product shortages, today not only are shippers looking to replenish shelves, the movement from just-in-time inventory management to safety stock arrangements is causing an uptick in storage needs. Consequently, JLL analysts see 2021 net absorption having the potential to surpass 2020 by a landslide.Real estate experts reported vacancy rates hovering near historic lows around 5% early this year. |