Demand for cold storage facilities grows with e-commerce popularity Logistic service to develop further in the future. — Photo courtesy of JLL Vietnam It told a seminar held last week to discuss trends in logistics that investors are already partial to cold storage facilities after online grocery sales skyrocketed during the pandemic, requiring more refrigerated warehouses close to buyers. “There has been a spike in short-term logistics requirements directly linked to the immediate impact of the pandemic, particularly in relation to the significant expansion of online grocery spending, and the need to support critical health services such as vaccines distribution.” Since all leading vaccines require very low temperatures to remain effective, cold storage for the new COVID-19 vaccines might be the next big thing in the supply chain and logistics industry. Another trend seen in the market is automation. Trang Bui, head of markets, JLL Vietnam, said: “The COVID-19 pandemic is accelerating automation in the logistics sector and will become a major trend in the near future. “Tenants are upgrading from outdated, often small and owner-occupied facilities, to newer facilities in premium locations. Simultaneously, the consolidation of logistics operations into more modern facilities is improving efficiency and reducing the overall logistics… Read full this story
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