Omnichannel retail continues to drive rapid transformation in worldwide supply chains and logistics real estate. Recently, the global COVID-19 pandemic has dramatically accelerated e-commerce penetration rates and sales growth.
Throughout Europe and the United States, e-commerce as a percentage of total core retail sales was approximately 15% in 20191. This share rose precipitously following the onset of COVID-19 in many countries worldwide (Figure 1). Globally, the e-commerce market share could rise to almost 25% by 2023 (or even 45% by 2030), as online sales have continued to grow at a double-digit rate2. Thus, demand for industrial warehouse and distribution property is expected to remain strong in the years ahead3.
Read the full ’Thought Leadership’ article now at the link below
Supporting documentsClick link to download and view these files
- PDF, Size 0.87 mb