August 17, 2016
The logistics industry, also known as the goods distribution industry, is in a state of disruption. This, according to “Ship – Shore – To Your Front Door,” a mid-year update on North American ports and transportation. The report comes from Cushman & Wakefield’s Ports and Intermodal Practice Group.
Marine terminal closures, driver shortages, new ocean carrier alliances and Panama Canal issues, among others, are creating a complex environment. Noted Cushman & Wakefield’s Kevin Turner: “Stakeholders are charting a new way forward with automation, supply chain transparency, new port labor contracts, technological advances, congressional support and stabilizing fuel costs.”
He added that landlords and occupiers are partnering with logistics partners to use “scalable real estate solutions” to help reduce supply chain bottle necks.
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