Prologis gives “Top Locations” awards at EXPO REAL 2017
Prague (7 October 2017) – Prologis, Inc., the global leader in logistics real estate, today released new research that examines why logistics customers in Europe choose certain locations over others.
The report, titled “Customer Growth Strategies: Europe’s Most Desirable Logistics Locations”, also reveals which locations in the rapidly changing European logistics market are thriving.
Prologis Research and eyefortransport (eft) polled logistics operators across Europe between February and May 2017 and found that five main factors shape location selection in Europe: proximity to major consumption centres; regulatory environments; labour availability; transportation infrastructure; and total costs.
Among the report’s findings:
- Immediate access to major consumption centres is paramount.
- Major population centres with the highest consumption are increasingly important.
- Overall costs rank comparatively low in importance when weighed against other factors.
- Proximity of labour (e.g., in Western Europe, with the Netherlands a key example) and cost of labour (such as in Poland) have a direct influence on customer logistics decisions.
“It’s clear that a close and ready workforce and proximity to economic networks are crucial to logistics users,” said Dirk Sosef, head of Prologis’ research and strategy initiatives in Europe. “In this environment of logistics growth, policymakers should encourage investment in infrastructure and availability of a qualified workforce.”
Based on the report findings, Prologis gave “Top Locations” awards to the best-performing locales in Europe at EXPO REAL in Munich on 5 October. The Netherlands scored high across the five factors that shape new location selection, with Dutch markets scoring particularly well for regulatory systems and multimodality—crucial drivers for markets that concentrate on pan-European distribution. With their high consumer density and well-developed transportation networks, markets in the Benelux and Western Germany scored high in the realms of proximity to major consumption centres and transportation infrastructure. Poland also did well in multiple categories, a sign that the Polish market is rapidly maturing.
The winners of the Prologis “Top Locations” were:
- Venlo: Europe’s most desirable location out of the 100 locations included in the study.
- Düsseldorf/Rhein-Ruhr and its three sub-locations Hamm, Unna and Metropolitan region Ruhr: strongest improvement in the top 10.
- Central Poland-Lodź: best-performing market outside Western Europe.
The full report can be found at https://seprod.prologis.com/en/logistics-industry-research/customer-growth-strategies-europes-most-desirable-logistics-locations