COVID-19 knocked every industry out of its familiar patterns. While office space, retail, hotels, and other sectors of commercial real estate suffered serious losses in 2020, industrial thrived on demand for fulfillment and warehousing space. Given the unprecedented nature of the global pandemic, it’s been difficult to determine what pandemic trends will remain in a post-pandemic world. All Americans will become eligible for COVID-19 vaccinations starting on May 1st, 2021, which has many business leaders focused on what a return to “normal” will look like. ... Read More
The e-commerce boom created a drastic increase in demand for industrial real estate, leaving many retailers and distributors tighter than normal on space in their warehouses and fulfillment centers. Though a larger structure or an additional facility may still eventually be in the cards, it may be possible to buy some more time from your current facility by getting the most out of the space you already have. If your warehouse has been in operation more than a couple of years, it’s likely that your ... Read More
Efforts to move container ship The Ever Given from the Suez Canal lasted for days as more than 40 other vessels were forced to reroute or adjust their trajectories to account for the logistical roadblock. The Ever Given's blockage of the Suez Canal drew into even sharper relief the limitations and weaknesses in a supply chain already compromised by the coronavirus pandemic. Read the full article at The Detroit News.