Distribution facilities must increasingly be near end consumers: Prologis VP - The Future of Logistics Real Estate

The coronavirus pandemic has solidified the status of e-commerce in the global economy while becoming even more a part of modern life, said Melinda McLaughlin, vice president, global head of research for Prologis. “What happened really was COVID-19 pulled a lot of adoption that would have happened and customers were, frankly, planning for over three, five, to 10 years, but pulled it all into one year,” McLaughlin said. “So when we emerge from this crisis, it’s not like we go back on that trajectory that we were pre-COVID; a lot of that adoption stays and is persistent.”  FreightWaves’ chief strategy officer JT Engstrom talked with McLaughlin during the FreightWaves Future of Logistics Real Estate Summit Watch Apple Podcast Spotify More FreightWaves Podcasts Learn more about your ad choices. Visit megaphone.fm/adchoices