IAMC News Briefs—Week of January 2, 2023
By John Salustri
SUPPLY CHAIN DIVE—While the economy continues on its post-COVID path to normalization, areas of strain still show themselves. Key among those is manufacturing jobs, which according to federal data, hit 746,000 openings this past October. What’s more, if the symptoms are left untreated, the National Association of Manufacturers (NAM) predicts that shortfall will hit 2.1 million by 2030. Increased wages are one solution, and NAM reports that member firms plan 3.5% increases over the next year. But the issue extends beyond salaries, and the industry suffers from its perception as a dated industry. With that in mind, a new level of skill-building is also seen as a major lure for potential workers, as are more flexible work conditions.
https://www.supplychaindive.com/news/manufacturing-labor-shortages/639366/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202023-01-03%20Supply%20Chain%20Dive%20%5Bissue:47004%5D&utm_term=Supply%20Chain%20Dive
RE BUSINESS ONLINE—UPS Supply Chain Solutions has inked a deal for 210,600 square feet at Hunt Midwest Business Center in Kansas City, MO. The facility, which is owned by Hunt Midwest, offers 365-foot clear heights and parking for 68 trailers and 245 cars. Additional construction is planned for the growing park, including a new building scheduled to break ground this year, and infrastructure improvements that will connect the park to SubTropolis, billed as the largest underground business complex in the world.
https://rebusinessonline.com/ups-inks-210600-sf-industrial-lease-at-hunt-midwest-business-center-in-kansas-city/
SUPPLY CHAIN DIVE—If manufacturing jobs in general are suffering, you can’t tell by activity in Ohio, which is reportedly attracting some of the biggest manufacturing projects in the country. These include Intel’s $20-billion chip-making site, with a projected 3,000 corporate jobs and 7,000 construction jobs. “In Ohio, we have a strong mix of affordability, quality of life, diverse industry and communities, as well as a physical location near 60% of the U.S. and Canadian marketplaces,” says Matt Englehart, spokesperson for JobsOhio. In 2020 alone, the Buckeye state produced $40.5 billion in manufactured exports. These are just some of the reasons why Intel CEO Pat Gelsinger has dubbed Ohio “the Silicon Heartland.”
https://www.supplychaindive.com/news/why-manufacturing-companies-ford-intel-choose-ohio/639362/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202023-01-03%20Supply%20Chain%20Dive%20%5Bissue:47004%5D&utm_term=Supply%20Chain%20Dive
COMMERCIAL PROPERTY EXECUTIVE—The 738,000-square-foot Newark Distribution Center, once home to P. Ballentine and Sons Brewing, is now part of Hines’ industrial; portfolio, the result of a $127.4-million sale. The deal delivers a property that was renovated by the seller—a JV between Turnbridge Equities and Long Wharf Capital--from warehousing to modern logistics center. The asset was previously renovated from brewery status to warehousing in 1972. JLL spoke for the JV.
https://www.commercialsearch.com/news/hines-pays-127m-for-new-jersey-industrial-portfolio/
GLOBEST.COM—Trammell Crow has shaken hands with MetLife to JV on the construction of a 4.7-million-square-foot industrial campus near Savannah, GA. The JV purchased the 477-acre site for an undisclosed sum with plans for a six-building campus to be christened Coastal Trade Center. Phase 1, which will include three cross-dock assets of 1.4-million, 641,000 and 474,000 square feet, respectively, will break ground in March. The developer and owner, Greenland Developers, was represented by JLL.
https://www.globest.com/2023/01/03/trammell-metlife-plan-4-7m-sf-savannah-industrial-campus/