Phoenix Investors Admin

COVID-19 crippled international supply chains for months in early 2020 and continues to cause frequent delays from international suppliers. Even before the pandemic, hostile trade relations between the United States and China had accelerated a reshoring trend. Reshoring typically refers to a company moving manufacturing assets out of China to the United States, and more broadly may also refer to sourcing alternative suppliers in the United States or North America instead of Asia. While the reshoring concept has been gaining traction for a number of ... Read More

Simon Property Group, Inc., the largest shopping mall operator in the United States, has entered into talks with Amazon about converting unused shopping mall space into distribution centers (DCs), according to a recent report from the Wall Street Journal. With the retail sector expected to lose up to 25,000 stores in 2020, the Amazon news is only one small part of larger discussion about converting unused commercial spaces into much-needed industrial real estate. While the COVID-19 pandemic has caused retail stores and offices to shut ... Read More