This fireside chat recap is from Day 2 of FreightWaves’ Global Supply Chain Week. Day 2 focuses on retail, building and construction.
FIRESIDE CHAT TOPIC: Just-in-time versus just-in-case inventory management
DETAILS: We’ve all heard the saying that real estate is all about location, location, location, but is that the maxim for commercial real estate? Often access to labor and logistics are much more important than proximity to distribution centers and brick-and-mortar stores. Once you understand this, then the type of property becomes less important.
SPEAKER and INTERVIEWER: Kris Bjorson, executive brokerage director, JLL, and Kevin Hill, executive publisher, FreightWaves
BIO: Bjorson is responsible for the development and management of the retail/e-commerce distribution group and a member of the Global Industrial and Retail Boards for JLL. With a focus on maximizing business results for corporations, he also co-founded the Supply Chain & Logistics Solutions practice, which integrates supply chain strategy through industrial real estate implementation. His leadership skills and unparalleled knowledge of the real estate, logistics and retail industries continues to be a valuable asset in exceeding clients’ expectations. Over his 27-year career, Bjorson has completed more than $12 billion of industrial real estate transactions.
“E-commerce drives something like 30% to 50% of the demand for industrial real estate. COVID helped jump that trend three to five years.”
“B-to-B is just getting started in this last-mile world so they are looking at places that would be more traditional. We’re agnostic about what the solution might be. That solution might be a classic manufacturing building that we demo, it could be a vacated retail store, it could be a former single-story office. As all the other worlds are changing around the industrial real estate world, we’re taking advantage of what’s happening in those sectors and trying to make it viable last-mile real estate.”
“We believe there are 1 billion square feet of industrial deals coming in the next five years. They won’t all be done through industrial zoned locations. You’re going to have to be creative.”
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now