Contract logistics in Europe - Scarcity of space continues in Iberia, with merely 2.8% of logistics space available in 2018. Investment in building new logistics space in Spain has reached record high, growing 30% in 2018 compared to previous year.
In France, 2018 was a record year with never-before-seen take-up volumes, as well as opening of new locations for large retailers and (eCommerce) pure-players. Although market fundamentals remain strong, there was a clear compression in the early months of 2018 which have recorded about 30% fewer transactions year-on-year. This compression was particularly evident in the Paris region. The scarcity of new property developments contributed significantly to this poor performance. The industrial and logistics investment showed a decline but interest among investors is not fading.
In February 2019, CEVA inaugurated a new warehouse dedicated to eCommerce operation for a multinational retailer in Pantin, Paris Area.
In the UK, CEVA & CMA CGM cold chain logistics London gateway warehouse is almost ready. CEVA is offering customers over 10,000 sqm of cold warehouse space for short and long term storage needs. The warehouse will have seven independent chambers capable of operating controlled temperature between –23°C to +16°C.
In Poland, CEVA strengthened its Industrial sector with the signing of new customer. CEVA expects to manage approximately 2,000 sq metres warehouse space for the customer in a multi-user warehouse shared with other Consumer & Retail (C&R) and Automotive customers.
In Romania, CEVA expanded strategic partnership with key C&R customer with the opening of regional warehouse to support customer’s West European market distribution.
The size of the Contract Logistics market in Italy reached 80 billion Euros according to a study by Contract Logistics Observatory “Gino Marchet” of Politecnico of Milano. The market size will maintain an upward trend in the coming years even in the face of potential economic slowdown. This is thanks to recent modest recovery in the Italian economic, growth in export, and (increasingly complex) freight traffic.
The expansion of B2C eCommerce continues in Italy, with estimated growth of up to 16% in 2018 compared to previous year – according to a recent study from the same observatory. CEVA continues to expand in the eCommerce market, particularly focusing on the implementation and improvement of European distribution service. CEVA’s goal is to be at the side of its customers, supporting and facilitating them in offering a "ready-to-use" service to effectively reach the final consumers without worries and with the utmost satisfaction.
Disclaimer - Market and Industry Data
This article includes estimates of the market, industry data, and forecasts that we obtained from publicly available industry publications, independent research, surveys, and forecasts that we believe to be reliable however we have not independently verified any of the data or forecasts from these sources or the economic assumptions relied upon in such sources.