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How International Ecommerce Has Changed Industrial Real Estate

Learn more at NAIOP's I.CON: Impact Projects, March 8-9

February 14, 2017

Ming Mei

GLP CEO Ming Z. Mei

Behind every online purchase, the supply chain from retailer to consumer follows a dense international web of retailers and logistics companies all with the same goal: to speed up delivery and anticipate product demand. From urban warehouses to international distribution facilities, online retailers have altered global industrial real estate in an age where consumers are promised anything and everything, instantly and seamlessly.

Bisnow interviewed Ming Z. Mei, CEO of logistics leader GLP, on why international e-commerce a crucial part of keeping its facilities competitive, including:

  • E-commerce has led to a borderless, multi-directional marketplace, with online retailers influencing demand in the East for Western-made products. Consumers in China can directly buy goods that are made in the U.S.
  • Consumers in China can directly buy goods that are made in the U.S. Consumers in China can directly buy goods that are made in the U.S.
  • China has emerged as a leader in e-commerce, influencing other countries to adapt to remain competitive. Chinese online retail giants are augmenting their doorstep delivery with physical stores. Delivery times in both the U.S. and abroad are impacted by a shrinking supply of warehouses, forcing retailers to acquire multiple properties near urban centers.

Read the full article for the details, take-aways and insights by leading industrial experts.

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