The week’s edition of The Economist takes a look at the ongoing Panama Canal expansion project and its effect on the movement of goods imported to the U.S. from Asia.
In short, the canal’s expansion will allow even the largest of modern-day freight ships coming from Asia to pass through the canal, enabling them to dock in a variety of East Coast ports instead of the Ports of Los Angeles and Long Beach, where most Asian goods now arrive stateside.
The Economist‘s story follows a recent “white paper” by JLL supply chain and logistics guru Rich Thompson that helps explain the effects of this changing dynamic in even fuller detail through the lens of commercial real estate:
“The eventual impact on the industrial real estate landscape in the U.S. will be significant. Some markets will benefit at the expense of others. Production and distribution strategies will ertainly change.”
Click here to read the full JLL report and learn more.