2023 China Logistics Occupiers Survey

 

  • Following the gradual lifting of anti-pandemic measures in December 2022, China’s economy has begun to pick up. 70% of respondents expect their business to improve over the next three years, while 25% of respondents anticipate their business to improve significantly.
  • Some 59% of respondents intend to increase their warehouse space in the next three years. 11% of respondents intend to increase their warehouse space by more than 30% over the next three years, well behind the 36% who stated their intention to do so in the previous survey conducted in 2021.
  • 82% of respondents intend to expand their footprint in tier I city clusters, a substantial increase from the previous survey’s 55%. Tier I city clusters continue to play a key role as logistics hubs for consumption, manufacturing, and trade, and command a significant advantage over smaller cities.
  • Respondents identified economic uncertainty (79% ), cost escalation (77%), and geopolitical and supply chain issues (52%) as the key challenges they face in the coming years. Enterprises plan to respond to these challenges by addressing areas such as logistics facility portfolios, rental terms, site selection and warehouse automation.
  • When asked to identify the most important building technologies and services needed to accelerate green transformation, respondents named rooftop solar power (45%) and election vehicle charging stations (44%) as priorities.








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