Supply chains are being diversified and regionalised by companies, stated CBRE, owing to trade and geopolitical tensions, technological advancements and rising transportation costs over the past few years.
Explaining why supply chains are being diversified and regionalised, Andrew Armstrong, associate director and head of industrial and logistics agency at CBRE commented, “Supply chains are going through immense change at a time when consumers are purchasing goods online at a record pace. E-commerce is forcing companies to keep larger and more diverse inventories in closer proximity to end-users.”
“Inventory control failures in the first half of 2020 – when many companies could not fill orders efficiently – have vividly illustrated the urgency of having more inventory on hand to support online sales. The combination of inventory controls, consumer habits, population growth and transportation strategies will benefit growing seaports throughout the world and will increase the importance of inland ground, rail and air freight hubs in every region,” he added.
Also read: COVID-19 reshapes the future of retail
Globally, these changes are leading to massive increases in infrastructure spending and modernisation of existing logistics hubs and will put emerging industrial real estate markets on the radar of both occupiers and investors.
CBRE feels that the Middle East is well-positioned to benefit from supply chain diversification due to its geographical position between east and west, coupled with previous significant investments into the logistics sector and ongoing pipeline.
Dubai Shopping Festival, in partnership with Dubai Holding Asset Management, is onceJanuary 14, 2022 | By RetailME Bureau
A Dubai-based female entrepreneur Marie-Hélène Stavelot has launched an online platform thatJanuary 11, 2022 | By Justina Eitzinger
Foodlink Global Restaurants & Catering Services, the F&B services enterprise in India
‘Tis the time to be jolly! The festive season is back. Celebrate
“It sounds like this, Luh Pan Koh-ti-dyan and means ‘the daily bread’,
The long weekend might be over but the Etisalat Beach Canteen 2021
UAE gears up to celebrate this year’s National Day celebrations in the
UAE-based Etisalat Group has signed an agreement with elGrocer, a leading online
Amazon.ae announced that the 11.11 sale is back once again this year
Abu Dhabi Cooperative Society’s COOP City store is now open in Lake
Union Coop, a consumer cooperative in the UAE, revealed that 78% of
Union Coop has opened its 23rd branch within the UAE in Jumeirah
Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and
UAE-based Al Maya Group announced that it will be boosting import of
Dubai Shopping Festival, in partnership with Dubai Holding Asset Management, is once
A Dubai-based female entrepreneur Marie-Hélène Stavelot has launched an online platform that
By: Remo Giovanni Abbondandolo, SVP of MENA, Checkout.com Covid-19 changed a lot
H&M, the world-famous retail clothing company founded in Sweden, has revealed that
What would the mall of the future look like? Is it going
The Dubai Shopping Festival has just announced a VAT-free shopping experience to
In 2016, Jack Ma, co-founder and former executive chairman of Alibaba, coined
If you were in business during the pandemic, then you’ve probably heard
Intricate designs, sparkling sequins and opulent creativity caught our fancy at the
Waste has been detrimental to the planet for years. The recent 26th
The retail industry lost one of it’s most iconic leaders – Majid
Offering a compelling omnichannel experience used to be the bleeding edge of