New technology has always fueled the country’s industrial sector. That hasn’t changed. In fact, advances in technology are playing an even bigger role as retail giants such as Amazon and Walmart continually tweak the way they get their products to their customers or retail outlets as quickly as possible.
Chicago Industrial Properties recently spoke with two commercial real estate experts – Noah Shlaes, managing director of the strategic consulting group with Chicago’s Newmark Knight Frank, and Todd Steffen, managing director of supply chain and logistics with the Chicago office of Colliers International – about the ways in which changing technology is making the distribution process a more efficient one.
Chicago Industrial Properties: All this new technology is a wonderful tool. But can having access to so much of it become overwhelming for industrial users?