Industrial real estate is poised for significant change, with the rapid rise of automated technologies and 3D printing significantly disrupting the global supply chain. Although many of their expected effects are far from being realized, all indications point to the full eventual implementation of these technologies, and it is imperative that I&L owners and occupiers start preparing for the shift today.
Autonomous vehicle technology is likely to affect industrial real estate in many important ways.
With the adoption of driver-less trucks, the trucking industry will be able to cut its labor costs, shifting its focus toward building technological systems that can meet the demand for goods more efficiently while focusing more on inventory and occupancy costs.
3D printing is rapidly becoming an integral part of industrial manufacturing.
The global 3D printing market is on track to exceed $21 billion by 2020, and the demand for 3D printers, materials and services will exceed $10 billion by 2018 (Consumer Technology Association & UPS).
Automation within the logistics space will change the way facilities are built and maintained.
The rise of automation will affect logistics facilities, transforming the labor component and altering the way operators configure and build their warehouses and distribution centers.