How Logistics Firms Are Handling the Pandemic s E-Commerce Boom
Employees sort crates of packages at a DHL facility in Chicago. (Daniel Acker/Bloomberg News)
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The COVID-19 pandemic has squeezed many years of growth in online sales and e-commerce fulfillment into a single 12-month period.
Confronted with business closures, restrictions on large gatherings, physical distancing guidelines and the fear of catching the novel coronavirus, consumers turned their computers and phones into shopping malls, spending $861 billion online with U.S. merchants in 2020, a 44% increase over the prior year, according to estimates by Digital Commerce 360.
Lojistikçilerin yüzde 70 i bu yıl yeni yatırım yapacak
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The industrial sector will remain the darling of the property market in 2021.” Siva Shanker
THE surge in e-commerce, prompted by the global Covid-19 pandemic, is expected to spur the demand for industrial property space in 2021.
Rahim & Co International Sdn Bhd real estate agency chief executive officer Siva Shanker says while there will still be uncertainty that will carry over from 2020, he affirms that the industrial sector will remain the “darling of the property market”.
“I expect to see e-commerce notching up further in 2021 and this will translate into demand for more industrial property space, ” he tells StarBizWeek.
Siva notes that in the past few years, there had been steady demand for warehouse space within the 100,000 sq ft range.