Brendan Smyth, Director, Head of Industrial & Logistics and Karl Stewart, Director, Head of Retail, sat down to discuss the synergies between retail and logistics sectors, highlighting how they are moving towards potentially becoming a single, interconnected market despite some challenges.
Market Dynamics and Nearshoring
Retailers are increasingly buying local distribution hubs, with examples like Sports Direct, IKEA, and Amazon setting up significant facilities in Ireland. This trend towards nearshoring aims to improve delivery efficiency and market responsiveness.
5 key messages
Technological Advancements and Challenges
Advancements in robotics and AI are slowly transforming logistics, while customer expectations for faster deliveries are rising. Sustainability and efficient return handling remain significant challenges, and while drone delivery technology is promising, infrastructure development is needed.
Retail and Trade Counter Evolution
Trade counters, traditionally located in industrial areas, are now moving into retail parks, as seen with Screwfix. High costs and planning restrictions challenge this transition, however there is potential for integrated spaces.
Logistics and Retail Interplay
Retailers are increasingly seeking end-to-end control over their supply chains, from manufacturing to logistics. The shortage of land for fulfilment centres complicates this, especially with the growing emphasis on sustainability.
Future Trends and Opportunities
Post-COVID 19, the desire for in-person retail experiences and the convenience of logistics for routine purchases are emphasised. The market is expected to grow significantly, driven by technological advances and a focus on sustainability, despite planning and cost challenges.
Watch the full discussion today and learn about the integration of retail and logistics, highlighting the potential for growth despite current challenges.
