Prologis, Inc. the global leader in logistics real estate, in partnership with independent advisory firm Oxford Economics, today released a new study on the economic impact of its global operations encompassing approximately 1.2 billion square feet1. According to the “The Future Flow of Goods” report, 2.8% of the world’s gross domestic product (GDP) flows through a Prologis property (or nearly 3% of all goods produced and sold globally came through a Prologis logistics property in 2022).
“We are proud of the customers we serve and the important role our facilities play in both delivering goods to the communities we serve and employing more than one million people throughout those communities,” said Hamid R. Moghadam, co-founder and CEO of Prologis. “This study underscores the importance the logistics industry has on the global economy and the essential nature of a fluid supply chain.”
Other insights from the study include:
Oxford Economics and Prologis collaborated on the “Future Flow of Goods” study in 2017 and updated it in 2020. This 2022 version includes the data from Prologis’ recent Duke Realty acquisition that closed in October.
“The global impact of Prologis and the economic value their warehouses facilitate showcases the size and scale of Prologis’ role in domestic and international trade,” said Hamilton Galloway, Head of Consultancy, Americas, Oxford Economics.
Visit Prologis’ Economic Impact Report to view and download the full report.
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of September 30, 2022, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.0 billion square feet (97 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,800 customers principally across two major categories: business-to-business and retail/online fulfillment.