Supply chain security drives warehousing investment globally
The demand for warehouses serving the supply chain will increase sharply in the world as well as in Vietnam.
According to forecasts of Savills, the global supply sector will grow significantly in the near future.
2021 sees £297 billion of investment in the global logistics sector (up £81 billion year-on-year) as well as record absorption by the European and American markets for logistics assets. Vacancy rates across the supply chain in Europe are 3.5% and 4.4% in the US. Savills forecasts that online sales in Europe will account for 25% of total spending by 2025, up sharply from 10% in 2020.
Over the past two years, the world has faced many challenges in maintaining a stable supply chain. Therefore, “Securing the supply chain requires companies to move from a “hedging strategy” (JIC) to a “just-in-time” (JIT) strategy, and this does not only mean increasing the number of inventory but also “nearshoring” – moving the production line closer”, analyzed Mr. Kevin Mofid, Director, Head of EMEA Research, Industrial Park & Logistics.
A McKinsey survey in 2021 found that 61% of companies have increased the amount of inventory they need. This is considered an important driver for the filling capacity of many warehouses around the world in the past 2 years and in the coming time.
However, Savills Industrial Park Real Estate and Logistics Services Division recorded a record low vacancy rate in 2021. Besides, supply scarcity and lack of planning for new supply are challenges. large of the market.
Savills assesses that supply pressure will force businesses to innovate. In the coming time, the market will see more warehouses with more floors in Europe, especially in prime locations in big cities. Integrating high technology to industry will be necessary to prevent future supply chain challenges.
However, the global logistics industry still has some signs of improvement. Mr. Mofid explained: “In the long-term, these signals could still be heavily influenced by the global supply chain. However, the move to nearshoring production will have many benefits for the company. industrial markets of developed countries. GDP growth as well as the development of e-commerce in these countries will boost demand for warehousing even as production decreases.”
In Vietnam, despite the difficulties of the post-Covid-19 economy and economic and political fluctuations in the world, the industry still recorded positive results and high growth prospects.
According to Vietnam Industry Highlights Quarter 1.2222 conducted by Savills Vietnam Industrial Services Department, the positive point recorded in March is that Vietnam’s industrial production has increased by 8.5% over the same period. period last year, after increasing by 9.2% in February. This is the fifth consecutive month that industrial output recorded a positive growth.
Previously, Standard Chartered predicted that global trade would grow by 70% to $30 trillion by the end of the decade. This is considered the main driver of global economic growth, especially for the ASEAN region because of its advantage as an international trade center.
As companies look for new manufacturing hubs, ASEAN emerges as a great alternative based on diverse yet complementary markets. In particular, markets from Indonesia to Malaysia and Vietnam are benefiting from the global supply chain shift.
* Invite readers to watch programs broadcast by Vietnam Television on TV Online and VTVGo!
at Blogtuan.info – Source: vtv.vn – Read the original article here
