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Prologis CEO says warehouse demands are shifting fast. Here's how he's keeping up

A Prologis survey of more than 1,800 business leaders in the US, UK, Germany, India, China and Mexico found that 91% say retailers and logistics providers urgently need more decentralized fulfillment networks. The share of companies planning to keep their existing global footprint fell 14 percentage points from a year earlier to 36%, as speed now ranks above price in gaining a competitive edge. Power reliability ranks first in logistics location decisions, and CEO Dan Letter said Prologis has built an energy business with over 1.4 gigawatts of solar and storage power. Letter said the company focuses on consumption centers and has sold over 200 million feet of its 1.3 billion feet portfolio because customers no longer wanted it. Around three-quarters of surveyed companies plan big investments in AI demand forecasting and inventory replenishment.

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