Low U.S. interest rates, positive economic indicators and an increasing demand for prime, well-located logistics property are some of the elements bringing focus to U.S. industrial assets such as warehouses and distribution centers, according to Tim O'Rourke, executive vice president at Jones Lang LaSalle.
Hibbett Sports Inc. plans to move its distribution center from Birmingham to Alabaster, spending more than $25m on the project at a site near the Shelby County Airport.
Today's highly efficient closed loop systems are only the beginning of the coming rfid-driven transformation of transportation and logistics visibility and management.
Northeastern U.S. states are sometimes depicted as not particularly business friendly. But that hasn't deterred some major companies from locating in the Keystone State recently, not least of which is Volvo Construction Equipment Americas. For one thing, Pennsylvania's location makes it very attractive for companies that must get product to customers in a huge portion of the country within a day. And a pocket in Franklin County, in the south central part of the state, is helping them do just that.
An improving economy gives businesses an opportunity to reassess their strategies, plans and tactics as well as the impetus to tune up their operations.
The major expansion of internet retailing is expected to be the biggest driver of activity in the European logistics market - and the need for distribution space - in the coming three years, according to a survey conducted by global real estate advisor CBRE.
Strength is returning to the market for mid-sized warehouses, though vacancies remain high for facilities of 100,000 to 200,000 square feet, says Rob Wheeler, vice president for industrial services at Cresa Chicago. Cresa Chicago is a real estate firm that works only with tenants. With 55 offices in North America, it is "the biggest real estate firm you've never heard of," Wheeler says.
The latest news, analysis, services and systems for facility location planning and network design and their impact on global supply chains. Today’s companies are planning their location of facilities and the underlying transportation network in order to deliver goods in a more timely and efficient manner than ever before. New technologies are transforming the way companies search for and choose the right location for a facility in a region — allowing them to stay ahead of the competition in their industries. As these services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using facility location planning solutions to power their supply chains.
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