JLL Real Views recently explored how global goals to increase food productivity by 70 percent by 2050 are encouraging the logistics sector to begin a fresh wave of expansion.
The global population is expected to reach 39 billion in the next 35 years, so local production and complex transport solutions will be required. This is a topic on the agenda for this week’s 2016 World Economic Forum in Davos, Switzerland.
Aaron Ahlburn, JLL’s Director of Research for Industrial says, “If you are going to achieve a 70 percent growth in yield it likely requires some complex, correlated growth in cold chain real estate around the world to ensure safe food storage, food quality and efficient distribution.”
With global population expansion, The Port of New York and New Jersey will play a role in how food is transported.
According to JLL New Jersey’s Industrial Research, during Q4 2015, the Port of New York and New Jersey handled a record 286,798 cargo containers in November as the twenty-foot equivalent unit (TEU) volume growth slowed after the East Coast saw double-digit increases in the first half of the year, when labor strikes crippled many West Coast ports. Through November, total TEU volume was up 11.1 percent year-over-year. Investment in the Port Authority’s ExpressRail System continued to pay off in the month of November, as it handled 41,194 cargo containers, which was a 12.7 percent increase since the previous year.
Highlights from the Q4 2015 Industrial Insight Report:
More from JLL Real Views on transport networks and how consumer networks are driving change.