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IAMC News Briefs—Week of May 29, 2023

By John Salustri

Maersk Opens Innovation Center

MAERSK NEWSROOM—New tools for the supply chain based on new technologies are one mission of Maersk’s newly opened Innovation Center in Jersey City, NJ. “Our goal is to ensure we bring an intelligent pipeline of business solutions to make … supply chains more agile, more responsive to market fluctuations and more competitive,” said Narin Phol, president of Maersk North America, in a statement. Focus areas include end-to-end supply chain transparency, resilience solutions and models and predictive data and analytics.


Cushman & Wakefield: More Space = Occupier Opportunities

IAMC CORNERSTONE—Space equals opportunity for occupiers. So says Cushman & Wakefield in its newly released Industrial Construction Update. “The markets and submarkets that have higher pipelines and climbing vacancies will be the markets to watch,” the firm predicts. This could be the bellwether of a turning ship. The report points to the 10-year period starting in 2012 where supply struggled to keep pace with demand. There’s currently 663.3 million square feet in the pipeline, but 84% of that is speculative. If there is a warning bell, it is that demand is receding to more historical averages, opening the possibility of overbuilding.


Saia Opens Fifth LTL Terminal This Year

TRANSPORT DIVE—It’s a growth trajectory for Saia, which has cut the ribbon on its fifth LTL terminal this year. The goal of the facility, located in Muncie, IN, is to speed deliveries to eastward shippers by cutting driver road times to customer facilities. But the firm isn’t done. The trajectory will continue, with plans for at least two more LTLs this year, says CEO Fritz Holzgrefe.


FedEx Launches Emissions Checker for Shippers

SUPPLY CHAIN DIVE—It’s called FedEx Sustainability Insights, and it’s a newly launched tool to help shippers track emissions tied to the movement of their packages. The program is available to users of the FedEx Express, Ground and Freight operations in the US. It is designed to help customers better understand shipping patterns and their environmental impact. There’s no cost to access historical reporting, Supply Chain Dive reports.


Hyundai, LG Plan $4.3B Battery Plant

COMMERICAL PROPERTY EXECUTIVE—A 4.3-billion EV battery plant is coming to the suburbs of Savannah, GA, in a 50/50 partnership of Hyundai Motor Group and LG Energy Solutions. With groundbreaking expected in the second half, delivery of the facility is slated for late 2025. When it does deliver, the plant will have a production capacity of 30 GWh, supporting 300,000 EVs. Cells will go into battery packs by Hyundai Mobis for Hyundai, Kia and Genesis EV models. Some 8100 jobs will be supported by the plant and neighbor EV Metaplant, already under construction.

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