Low interest rates, healthy consumer spending and strong e-commerce are forming good conditions for industrial and logistics real estate growth in 2017, says JLL, an investment management firm that offers real estate services. Potential investment in infrastructure and continued company expansion are also expected to fuel demand for warehouses and distribution centers despite global economic uncertainty.
A Johannesburg startup is set to become the first company ever to manufacture smartphones in Africa, taking advantage of low costs and growing local demand to build handsets, tablets and other devices based on Google Inc.'s Android system.
The holidays are coming, and Amazon says it plans to add 120,000 seasonal workers in an effort to meet an expected spike in demand as more and more people trade bricks for clicks. The seasonal positions will be created at fulfillment centers, sorting centers and customer service sites in 27 states. The move marks a 20 percent boost from the 100,000 seasonal hires a year ago.
Rapidly emerging advancements in technology such as autonomous trucks, 3D printing and warehouse automation will foster dramatic changes in how shippers, retailers and manufacturers configure their supply chains and distribution strategies, spurring a need for different formats and locations for industrial real estate, according to a new report from CBRE Group.
Pfizer has decided that it does not need the legacy distribution sites that it got with the $15bn buyout of Hospira last year and so will close four facilities across the U.S., consolidating distribution into two Pfizer logistics centers next year. In the process it will whack 104 jobs.
For decades, many of the nation's biggest companies staked their futures far from the fraying downtowns of aging East Coast and Midwestern cities. One after another, they decamped for sprawling campuses in the suburbs and exurbs. Now, corporate America is moving in the other direction.
The latest news, analysis, services and systems for facility location planning and network design and their impact on global supply chains. Today’s companies are planning their location of facilities and the underlying transportation network in order to deliver goods in a more timely and efficient manner than ever before. New technologies are transforming the way companies search for and choose the right location for a facility in a region — allowing them to stay ahead of the competition in their industries. As these services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using facility location planning solutions to power their supply chains.
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