b'FeBRuaRy 8 - 21, 2021top north american exporters & importers 9(RETAILcontinued frommillionsquarefeetofU.S.CorieBarryexplainedthat(SERVINGcontinued fromWorld Bank country director page 6) retailspacewasturnedintoBestBuywouldbeturningpage 6) for China.Besides the potential move10.9millionsquarefeetof250 stores into delivery hubsecosystem of the value-addedSomearguethatChinas to local communities, brick- new industrial space, accord- to handle online orders. Whilemanufacturing supply chain inmarketisreplaceable.India and-mortar retailers will striveing to a study from CBRE, aBestBuyalreadyshippedChina will be difficult to repli- and Indonesia are projected to toprovideuniquein-storecommercialrealestatefirm.fromstoresbeforethepan- cate elsewhere. generate 21% of global middle-experiencesaspartoftheirWithglobalretailerslikedemic,thenewfulfillmentTheresanotherreasonclassconsumptionby2030, marketingstrategiesandtoAmazonandWalmartlead- centerswillhandlelargerwhyaU.S.-Chinadivorceand Africa, Latin America, and distinguishingthemselvesingthewaybyinvestinginquantities and facilitate same- isnotadvisable:Chinahasthe Middle East could contrib-frompurelyonlineretailers.logistics,thetrendofturn- day deliveries in an effort tobecomeanincreasinglyute another 13%, according to a Theproofoftheattractioningformerretailspaceintocompete with Amazon. important U.S. export market.Brookings report.ofthein-storeexperiencewarehousesande-commerceThenextstepformallChina is Apples third-largestGreat. Why not sell to all isthatdigitalretailleadersdistribution centers will accel- owners will be to try to cashmarket,accountingfor20%of them?have caught on to that notion,erate, according to Predictionsinonthisdistributiontrendofglobalsales.ChinaistheCOVID-19 did highlight withcompanieslikeBono- 2021:Retail,areportfromby negotiating, as part of theirnumber-one market for Gen- the dangers of being depen-bos,Glossier,Casper,andForrester,amarketresearchleasing agreements, for a cuteralMotors,whereitsellsdent on overseas sources for Warby Parker launching andcompany.TheMcKinseyof online sales that involveoverthree-millionvehiclesequipment essential to fight-expandingbrick-and-mortarreport agrees that major U.S.in-mall fulfillment, said theayear.Cumminssellsone- ingpublichealthemergen-locations in recent years. SoretailplayerslikeWalmart,Forrester report.third of its engines in China.cies. The pandemic has also hastheworldsnumber-oneKohls, and Target have beenForresterexpectsheavyQualcommssalesinChinaunderscoredtheimportance onlinegiant,whichopenedworking to convert their retailinvestmentsbyretailersandarequadrupleitsU.S.sales.of resilience in supply chains. 18Amazonbookstoresspacesintominidistributionbrandsinmicro-fulfillmentChina sales account for 25%Andtherearestilltheout-since2015.Thefirstbrick- hubs to shorten the last milecentersanddrop-shippingof U.S. antibiotics production. standingissuesofChinas and-mortarAmazonFreshfor customers.in 2021 in an effort to takeInall,asmanyas20unfairtradeandtechnology GroceryStoreopenedlastBest Buy recently enteredback the distribution reins. major high-tech U.S. compa- acquisitionpractices.But September,offeringsame- thatfray,withaship-from- Logistics will dominateniesearnbetween20%andtherearewaysofhandling daydeliveryandpickup,asstorepilotthatbeganlastretail investments, the Forrester50%oftheirrevenuefromthesemattersshortofevis-well as Amazon.com packageAugust. On a call with inves- report concluded. In a word,exportstoChina,accordingcerating global supply chains pickups and returns.torsandjournalists,CEOits all about distribution.toYukonHuang,aformerand U.S. exports.Wellcontinuetosee online marketplaces and tra-ditionalretailersconverge, said Greg Chapman, a senior vicepresidentatAvalara,a providerofautomatedsales tax solutions. A THOUSAND DETAILS ?Greg Chapman, senior vice president at avalarat heb IGGeRt heya Re EvenbeforeCOVID-19,regionalmallsandtheir tenantswerenotdoing especiallywell,andsome retailersreducedtheirpres-ence at some of those shop-pingbehemoths.Oneeffect of the pandemic was to accel-erate the plans of companies like Gap Inc., Macys, Victo-riasSecret,andNordstrom to close mall stores, as well assomeindowntownloca-tions. Thats going to leave aWE TAKE CARE OF THAT.good deal of real estate unoc-cupiedsquarefootagethat could be put to different uses.Johnsonbelievesthat,in 2021,brick-and-mortarretail-ers must right-size their store fleets. The imperative for mallYou have one thing on your mind. Getting your cargo where it needs to go. As the leading transportation operators,asaresult,willbeand logistics provider in North America, we take care of all the details - giving you a reliable end-to-end toputnewbusinessmodels and purposes in place to main- global supply chain solution. Small load, large load, consolidated or deconsolidated, local or worldwide - tain profitability. Already, mallyou can trust us to get it to the people who matter most - your customers.operators are attempting to take more control of their destinies byacquiringsomeoftheir former tenants. Last year, joint ventures led by Simon Property Group, a real estate investment trust, acquired Brooks Brothers and Forever 21. At the same time, retailersReach Farther.Call us today. | 1.888.668.4626| cn.ca areturningsomemallretail space into distribution space. From 2016 through 2019, 7.9'