Online retailing will boost, and change, the demand for logistics property, according to a new report. The report, E-commerce boom triggers transformation in retail logistics, says more than $US1.2 trillion in global online sales this year will surge further, led by Indonesia, China and India. “As e-commerce logistics models develop, they will drive huge changes in physical distribution networks,” concluded the report.
“This will give rise to a new class of logistics and distribution properties including mega e-fulfilment centres, parcel hubs and delivery centres, local urban logistics depots for rapid order fulfilment, and returns processing centres,” the report noted. The structural changes in the e-commerce landscape will be especially prevalent in the Asia Pacific area and developers in logistics property would have to keep pace, in both mature markets such as Australia, and fast-growing economies like China and Indonesia.