The chairman and CEO of logistics warehouse titan Prologis Inc., Hamid R. Moghadam, said the unprecedented tightening of logistics warehousing space that has severely disrupted U.S. supply chains in the wake of the COVID-19 pandemic is likely a “temporary event” that lasts two to three years. However, the growth of e-commerce and increases in inventory levels could become permanent parts of the warehousing and supply chain landscape, Moghadam said.
Speaking to analysts Friday following Prologis’