We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Real estate giant reports customer resilience in the face of Covid-19
Forward Thinking

Real estate giant reports customer resilience in the face of Covid-19

Industrial real estate market continues to evolve as e-commerce, other trends drive demand for warehousing, logistics.

Prologis - COVID-19
May 5, 2020
Supply Chain Quarterly Staff
No Comments

Commercial real estate giant Prologis said the majority of its customer base around the world remains at least partially operational and that e-commerce and other trends driven by stay-at-home orders are helping to drive supply chain resiliency in the face of the coronavirus pandemic, according to an April report.

The company said logistics real estate demand will continue to evolve as consumer behaviors and supply chains shift, detailing industry trends in the fourth installment of a special report on Covid-19 and its impact on the logistics real estate market. The report analyzes the company's diverse customer base, which consists of a roughly 1 billion square-foot portfolio in which no single industry accounts for more than 15% of base rent, according to the company. The company said nearly 60% of its customer industries are growing despite disruptions caused by the coronavirus.

Key findings of the April report include: 

  • Despite the disruption of the coronavirus, roughly 95% of Prologis' customers across the globe remain at least partially operational. In particular, this has been driven by stronger consumer demand via e-commerce. With companies shifting to accommodate users sheltering in place, e-fulfilment operations accounted for nearly 40% of Prologis' new leasing in March and April, the company said.
  • China's work stoppages caused shipments to double at a time when many customers had no store shelves to fill. This drove increased need for short-term space, with a sharp increase in demand from logistics companies that specialize in supply chain management. Short-term leases rose 40% year-over-year in the 30 days through April 17, 2020, according to the report.
  • Consumer habits may be slow to return, as evidenced by weekend traffic in China, which remains well below pre-Covid-19 levels even with lifted restrictions. "Preferences for home delivery and dining in could prove sticky, driving continued demand for grocery and essential goods," the researchers also said.
Logistics Covid-19 Coverage
  • Related Articles

    Report: Commercial real estate investment bounces back from Covid lows

    Demand for inventory, e-commerce fuels long-term outlook for logistics real estate

    Commentary: Getting B2B digital sales right in the wake of COVID-19

Recent Articles by Supply Chain Quarterly Staff

Intermodal sector weathered a “challenging” year in 2022, IANA says

Freight sector missed the boat on strong U.S. economy in Q3 and Q4, FTR says

Freightos completes plan to go public on NASDAQ exchange, raises $80 million

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Forecasts call for freight rate slumps in 2023

  • Projected U.S. recession in early 2023 will soften freight market

  • Inflation drops again as interest rate hikes hit home, NRF says

  • How to avoid the next crisis: A new approach to supply chain agility

  • New Jersey truck fleet says Freightliner tractors will deliver safety as well as freight

Featured Video

20221107korber large vs

Enhancing Customer Experience with Your Supply Chain Strategy

Viewer Contributed
With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

FEATURED WHITE PAPERS

  • Guide to Pallet Rack Safety

  • 3PLs: Complete Orders Faster with Flexible Automation

  • A shipper's guide to navigating post-pandemic holiday freight

  • THE NEW WAY TO WAREHOUSE: 4 Innovations in Automation & Robotics to Boost Warehouse Productivity

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing