U.S., Chile and Mexico emerge to emerge as logistics hub
Over the next decade, 20 markets worldwide—including South Florida; Santiago, Chile; Bajio, Mexico; and Philadelphia—are set to emerge as global logistics hubs, according to a new report from CBRE. These emerging locations share a number of characteristics, including significant investments in infrastructure, new trade policies and agreements, and more advanced supply chains and technologies.
International trade is a powerful stimulant to economic and business development and it is very dynamic in the longer term. Changes to infrastructure and regulations and the growth of new markets means there is a continual need to drive efficiency through adjustment to supply chains, said Richard Barkham, global chief economist, CBRE. Logistics hubs are the main driving force behind the industrial real estate markets and are at the centre of large clusters of distribution facilities. South Florida, the region that includes Port Miami and Port Everglades (Ft. Lauderdale), is a prime example of a long-time regional hub that is positioned to emerge as a global hub. In addition, the Americas region has a vast collection of free trade agreements that began with the passage of the North American Free Trade Agreement (NAFTA) in 1994.