The changing face of manufacturing: The COVID-19 crisis is spurring supply chains towards reshoring and automation
Over the space of the first six months of 2020, the COVID-19 crisis has changed our world profoundly.
Collectively, we are all trying to come to terms with an unprecedented event that continues to develop.
On a personal level, the number of people who have lost loved ones, fallen ill themselves or have otherwise been affected by the virus is almost incomprehensible. On the professional front, COVID-19 stopped the world in its tracks, triggering one of the most serious economic crises seen since the Great Depression.
No one has a crystal ball, and no one has a vision of how the “bigger picture” will all play out, which means that businesses are reacting in real-time, and re-thinking their real estate strategies accordingly.
Within retail, early indications show that brick-and-mortar has struggled. Retailers have relied heavily on ecommerce and are investing in readying their real estate for what comes next. This phenomenon has been well documented, but