
Future Flow of Goods - Impact Report 2020
Corporate News
The importance of logistics real estate, particularly since the beginning of 2020, where Covid-19 has accelerated the move to e-commerce by around four years, has been underpinned by a the announcement that global logistics real estate leader, Prologis, has seen its share of the global flow of goods through its facilities increase to 2.5% of global GDP from 1.7% in the past three years, since 2017, equivalent to 4.4% of worldwide household consumption. This rise in Prologis’ market share coincides with a rapid expansion in the company’s global warehouse space to over 1.0 billion square feet, from 684 million sq ft, over the same period, a new research report from Oxford Economics concludes. The current economic value of goods flowing through Prologis facilities worldwide is $2.2 trillion, a 69% increase over 2017.
Hamid R. Moghadam, Prologis chairman and CEO, said: “This study shows just how critical logistics real estate is to the vitality of the global economy, Every day, Prologis sees many of the goods that make modern life possible flow through our distribution centers, which in turn underscores the interconnected nature of global trade.”
Key insights from the new study include the following:
Please see the full version of The Oxford Economics study.
Every connection starts with a conversation. Our team is here to help.