Troy Adams, Vice President of Real Estate at NFI, will speak at I-REV: The Industrial Real Estate Revolution & 2020 Forecast on Tuesday, December 10, 2019 in Jersey City, N.J. The panel session titled, “Industrial Next Generation: Ramifications of the Need to be Proximite to the Consumer in E-Commerce and Impact on Infrastructure, Employment, Transportation,” will discuss the ways in which the industrial real estate has transformed with the growth of last mile logistics, as well as predictions for the future.
Headquartered in Camden, N.J., NFI is a leading supply chain solutions provider in North America with over 87 years of experience. NFI operates and manages one of the largest distribution and transportation networks in North America, with a portfolio of more than 300 locations and approximately 50 million sq. ft. Offering customers a unique perspective as both a real estate developer and owner, NFI’s flexible real estate solutions include development, leasing, transportation analysis, incentives procurement, LEED certification, and more.
With locations near the Philadelphia and New York City areas, NFI continues to grow its real estate presence within essential logistics hubs. The company operates 6.8 million sq. ft. in Pennsylvania and New Jersey, which include automated e-commerce fulfillment centers, crossdocks, multi-temperature distribution centers, food-grade warehouses, and more. NFI also offers campus settings in Florence N.J. and the Lehigh Valley, where customers benefit from shared assets and resources.
“As the demand for next-day shipping becomes greater, companies are continuing to feel the pressure to get closer to their customers,” said Adams. “This demand is driving the growth of last mile logistics, and therefore the need for industrial real estate. As this geographical shift takes place and ecommerce continues to boom, there are additional challenges that must be addressed, like labor management and access to technology to create greater efficiency. As infrastructure, employment, and transportation evolve to accommodate this, a 3PL such as NFI can help guide companies looking to level the playing field.”
NFI offers extensive experience providing supply chain solutions across a variety of sectors spanning food and beverage, retail, consumer packaged goods, and manufacturing. In addition to real estate, the company’s integrated suite of services includes dedicated transportation, distribution, transportation management, brokerage, port drayage, intermodal, and global logistics.