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Houston Poised to Benefit from Shift in U.S. Supply Chains
U.S. supply chains will shift away from an overreliance on China to include more expanding Asian and European markets, in response to both recent trade wars and COVID-19. This shift will establish new national distribution models domestically that will particularly benefit regions such as Houston and the Southeast, according to CBRE’s international trade report.
“For companies shipping into the Port of Houston it’s about reaching a significant, growing population and at the same time cutting back on truck and rail transportation costs from the East and West Coast,” said Michael Valleskey, associate research director for CBRE.
“Houston has a prime trading location, with the ability to efficiently reach all directions on the globe,” he continued. “It also has significant logistics capacity, available land, and lower asking rents. These fundamentals, along with access to a growing population will help drive Port growth and capitalize on select shifts in supply chains.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Economy
