In the second quarter of 2023, the U.S. industrial real estate market demonstrated stable resilience with a net absorption of approximately 29.9 million square feet. The demand growth was driven by new logistics products, despite rising vacancy rates and consolidation pressures in some regions. By 2025, new supply is expected to exceed absorption, while absorption is projected to surpass supply by 2027.
The Cushman & Wakefield report indicates that in the second quarter of 2023, the U.S. industrial real estate market remained stable, driven by logistics resilience. There was strong demand for new warehousing facilities; however, the western regions faced negative absorption pressures. It is expected that in the coming years, new supply will continue to exceed absorption until 2027, when the market is forecasted to reverse.
This article details how to effectively leverage ThomasNet, a long-established North American industrial sourcing platform, for customer acquisition. It outlines a three-step process: precise searching, refined filtering, and proactive contacting, to help B2B companies identify target customers and expand into the North American market. The article also shares ThomasNet platform usage tips and suggests further reading on B2B cross-border e-commerce, aiming to empower businesses to succeed in the North American market. It provides practical guidance for generating leads and building relationships within the industrial sector.
Logistics real estate giant Prologis plans to acquire 14 million square feet of industrial properties from Blackstone. This move aims to expand its presence in core markets, address growing logistics demand, and solidify its industry leadership. The acquisition is expected to accelerate consolidation within the logistics real estate sector, prompting other companies to actively seek new growth opportunities. The deal highlights the continued strength and attractiveness of the logistics real estate market amidst evolving supply chain dynamics.
The Nanchang Postal Service's "Nanchang Integrated Logistics Warehousing and Distribution Construction Project" has successfully passed inspection and will receive 5 million yuan in special funds. This is expected to promote infrastructure upgrades for express delivery companies in the city and support the green development of the industry.
Pohang Port, located in Gyeongsangbuk-do, South Korea, is a significant industrial port with an annual throughput exceeding 30 million tons, primarily serving the POSCO steel complex. The port is well-equipped with various functional zones that facilitate the efficient import and export of raw materials and finished products, providing robust support for South Korea's shipping logistics and international trade development.
ChatGPT Team edition is now available for free upgrade to all users starting January 12th. This upgrade offers advanced conversation management, personalized settings, and data analysis capabilities. The goal is to lower the barrier to entry for AI applications, promote technology adoption, and empower various industries. This move aims to usher in a new era of AI-driven innovation.
Wanbang Logistics software upgrade delivers an efficient and convenient customer self-pickup solution. It enhances customer satisfaction, reduces operational costs, and strengthens competitiveness through clear map guidance, intelligent pickup notifications, streamlined processes, and flexible configuration options. Mobile office functionality enables self-pickup business processing anytime, anywhere. This upgrade aims to improve efficiency and provide a better experience for both businesses and their customers regarding self-pickup orders.
Lishui Port, located in southern Korea, is an important industrial port with an advantageous geographical position and deep-water berths. The port is advancing the construction of a new container terminal, aiming to achieve an annual handling capacity of 2.4 million TEUs in the future, contributing to regional economic growth.
Staples is upgrading its warehouse management system to the Manhattan cloud platform to optimize processes, improve efficiency, and enhance customer experience. This supply chain upgrade leverages cloud-native WMS to modernize their operations. The comprehensive upgrade is expected to be completed by the end of 2026. This initiative is part of Staples' broader retail digitalization strategy, aiming to create a more agile and responsive supply chain to better serve its customers.
