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Rya Hazelwood
/ Categories: Industry News

IAMC News Briefs—Week of September 4, 2023

By John Salustri

Hershey to Spend $1B on Supply Chain as ‘Growth Enabler’

SUPPLY CHAIN DIVE—Hershey expects to add 13 new production lines to its confection output as part of a $1-billion overall investment in its supply chain. The plan is to increase its ability to address demand growth while serving existing customer needs. It is also planning to upgrade 11 existing lines and build a new Hershey, PA, chocolate plant. Core products are the focus of the expansion, with a reported 60% of the investment going towards the Reese’s brand.
https://www.supplychaindive.com/news/inside-hersheys-1b-push-to-boost-its-supply-chain-capacity/691799/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202023-08-31%20Supply%20Chain%20Dive%20%5Bissue:54093%5D&utm_term=Supply%20Chain%20Dive

 

Rolls-Royce Taps JLL to Manage Global Facilities

COMMERCIAL PROPERTY EXECUTIVE—Fifteen million square feet of Rolls-Royce operations will now be managed by JLL in an exclusive deal that spans 44 facilities in the US, the UK, China, Germany, India and Singapore. The long-term contract to run facilities management operations will commence in February and cover manufacturing, warehouse and office space.
https://www.commercialsearch.com/news/rolls-royce-taps-jll-as-global-facilities-manager/?utm_source=WhatCountsEmail&utm_medium=CPE%20Daily&utm_campaign=NEW%20CPE%20Daily

 

Panasonic Adds 509,760 SF

COMMERCIAL PROPERTY EXECUTIVE—The Flint Commerce Center in De Soto, KS, has a new tenant in Panasonic Energy, or it will when the 370-acre park is completed next summer. At buildout, the now 4.7-million-square-foot commerce center, being spearheaded by Flint Development, is currently valued at $390 million. The first phase of the six-building project will be Panasonic’s new home, the 1-million-square-foot Building C. The firm will take half that space. Newmark Zimmer represented the developer in the lease deal.
https://www.commercialsearch.com/news/panasonic-expands-kansas-footprint-with-510-ksf-lease/?utm_source=WhatCountsEmail&utm_medium=CPE%20Daily&utm_campaign=NEW%20CPE%20Daily

 

Prologis Adds Chicago Asset for $23M

THE REAL DEAL—Prologis has added yet another facility to its massive global portfolio. The REIT has acquired the 240,500-square-foot 900 Carlow Drive in Bolingbrook, IL, for $23 million from a Heitman affiliate. There is three-plus years left on tenant Ed Tucker Distribution’s lease. The vehicle and powersports parts seller has called the facility home for more than 20 years. 
https://therealdeal.com/chicago/2023/08/28/prologis-pumps-23m-into-bolingbrook-industrial/

 

Risk Reduction, Regional Focus Are Top Supply Chain Priorities

YAHOO! FINANCE—With resilience the watchword, supply chains are being reimagined through digital technologies, according to Rana Foroohar, the global business columnist for the Financial Times. Resilience, she says, is more than simply shifting “from just-in-rime to just in  case.” With threats such as the Russo-Ukraine War and US/Chinese tensions, the focus for manufacturers and distributors alike has become reducing risk and ramping up on regionalization.
https://finance.yahoo.com/news/reduced-risk-regionalization-become-supply-165851174.html

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