Supply Chain and Logistics Growing in Importance

RidgePort Logistics Center in Wilmington, IL. Ridge Property Trust is developing a 1.5M square foot BTS here, the largest new project in the region.

CHICAGO—Nearly every firm which sells anything online has begun reevaluating its supply chain. The retail store, which functioned as the middleman for generations, is no longer as important, and companies need to figure out the best ways to ship directly to their customers. Colliers International has responded to that need by launching a new consulting team dedicated to supply chain and logistics. The new group will augment the work done by an existing national group of brokers dedicated to logistics and transportation.

“Years ago, there was no such thing as logistics and supply chain, there was just shipping and receiving,” something which corporate leaders could largely ignore, Jack Rosenberg, Chicago-based national director of Colliers’ logistics group, tells GlobeSt.com. These days, however, C-Suite executives understand the importance of supply chain and have even begun hiring experts in the field for top-level positions.