Supply Chain Crisis to Drag Beyond 2022
(24 January 2022 – North America) It may be years before global supply chain disruptions are alleviated according to Prologis, the prominent industrial real estate investment trust (REIT).
Prologis senior executives are surprised at the magnitude of the imbalance. The three main drivers for industrial space demand are consumer growth, online eCommerce engagement and a decisive push to develop supply chain resilience.
“Every year we have forecasted the supply exceeding demand, and we’re yet to see that happen after the global financial crisis. I’m willing to bet if there were more supply, there would be more absorption and more demand. People simply cannot get the space that they need“ commented Prologis’s CEO and Chairman, Hamid Moghadam.
Subscribe