In the second quarter of 2023, the U.S. industrial real estate market demonstrated stable resilience with a net absorption of approximately 29.9 million square feet. The demand growth was driven by new logistics products, despite rising vacancy rates and consolidation pressures in some regions. By 2025, new supply is expected to exceed absorption, while absorption is projected to surpass supply by 2027.
Forward warehouses, a new format in instant retail, are reshaping community commerce by catering to consumers' personalized and immediate needs. This model, supported by e-commerce platforms, offers a wide range of products and flexible operations, providing a convenient shopping experience for consumers and new opportunities for entrepreneurs. Platforms like Ele.me are launching support programs to help develop convenience warehouses.
Russian e-commerce giant Wildberries has launched a summer promotion offering free home delivery to new and long-inactive users, aiming to attract new customers and improve service experience. Previously, Wildberries has implemented several logistics innovations, such as 24-hour free delivery and free home delivery for oversized items. This initiative is expected to enhance its competitiveness in the Russian e-commerce market.
On the 15th, Dragonair launched a new route from Shanghai Hongqiao Airport to Hong Kong, with one daily flight using Airbus A330 aircraft. This move will further increase flight options between the two locations and enhance the convenience of travel for passengers. As a comprehensive transportation hub, Hongqiao Airport offers an improved travel experience, promoting economic and cultural exchanges between Shanghai and Hong Kong. The opening of this new route is significant for Dragonair's development in the mainland.
The 16th China International Logistics Festival will take place from April 8 to 10, 2024, in Xi'an, focusing on logistics development under the New Silk Road. This major event will gather experts and leaders from various sectors, featuring forums and exhibitions to explore international logistics cooperation and regional economic opportunities, promote trade exchanges, and support Xi'an in becoming a global logistics hub.
Tianjin Port has partnered with China National Foreign Trade Transportation Group to enhance inland logistics network construction. The collaboration focuses on optimizing transportation structures through a dry port system, promoting sea-rail intermodal transport and scheduled road services. Leveraging the geographical advantages of the Tianjin port, they aim to improve logistics efficiency.
Waigaoqiao Shipbuilding has commenced the construction of six 21,000 TEU container ships, setting a new record for China's shipbuilding industry and showcasing its competitive strength in the market.
Long Island MacArthur Airport is an important civil airport in New York State, primarily operated by American Eagle and Southwest Airlines.
The Cushman & Wakefield report indicates that in the second quarter of 2023, the U.S. industrial real estate market remained stable, driven by logistics resilience. There was strong demand for new warehousing facilities; however, the western regions faced negative absorption pressures. It is expected that in the coming years, new supply will continue to exceed absorption until 2027, when the market is forecasted to reverse.
This article provides a comprehensive guide to the SWIFT code (WPACNZ2WXXX) for Westpac New Zealand. It details its usage scenarios, precautions, and how to avoid remittance errors. The aim is to help users make international money transfers safely, quickly, and accurately. This guide covers essential information for anyone needing to send or receive funds internationally through Westpac New Zealand, ensuring a smooth and error-free transaction process.
