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Trends from ecommerce to onshoring have remade supply chains
The past few years have demonstrated how fragile supply chains can be at unprecedented times — the global pandemic, the Russian invasion of Ukraine, ongoing economic uncertainty — amplifying worldwide shortages and affecting consumer patterns from toilet paper to computer chips. A survey conducted by Forbes and Zogby Strategies found that among the 150 CEOs and decision makers surveyed, about 90 percent expect supply-chain disruptions to continue, and 80 percent are stockpiling goods and materials as a buffer, in a just-in-case strategy.
The shift is affecting the industrial sector significantly, driving up demand for space. And location is often the top factor in a tenant’s decision to lease a space. Numerous U.S. businesses believe there is enough manufacturing capacity in America to address the world’s supply-chain concerns, which is increasingly seeing nearshoring, reshoring and deglobalization.
“As competitive global retailers adjust their logis