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There is no doubt that supply chains have come under pressure like never before in 2020, as logistics and warehousing serviced a country in lockdown for the first time. The complex ecosystems that get goods from A to B have had to adapt rapidly. As the pandemic drove new consumer behaviour, creativity has come to the fore as the logistics industry works to solve fresh challenges, often on a daily basis.
According to Colliers International, during COVID-19, 85% of companies that occupy warehouse space have reviewed their supply chain network specifically and 31% are storing more stock locally to avoid shortages. This highlights a demand for more strategically located warehouse space. When the dust settles and consumers and retailers are given the chance to pause, what are the considerations for this new landscape?