Business as usual. COVID-19 put this cliché on ice and has introduced us to unprecedented times and new normals, rocking business models to their core and forcing change where none was wanted. As retail, healthcare, education, travel, banking, and other sectors struggle to adapt, we’re seeing new trends, new challenges, and new opportunities emerge.
The online shopping revolution, pioneered by Amazon, could not happen without an extensive warehouse infrastructure. And as digital shopping grows, so too will the need for warehouse space. In early June, investment management group Blackstone Group LP provided a clear signal that growth is expected to continue strongly in this space. The company purchased 179 million square feet of urban logistics properties for $18.7 billion.
Retailers and manufacturers are facing re-alignment strategy initiatives as their supply chains adjust to the ongoing evolution and disruption of major market disruptors such as Amazon and shifting consumer shopping habits. To meet the market’s demands, companies are continuously revisiting their network strategies to ensure their existing operation is up-to-par and if not, determine what investments in processes, equipment and infrastructure are needed.