Logistics Matters with DC VELOCITY Guest: Mark Manduca of GXO on the new XPO spinoff; Warehouse space is in critical demand; New investments in logistics companies underscore importance of supply chains
In this episode, Mark Manduca, the newly appointed chief investment officer of GXO Logistics, discusses the new company and its role in the logistics industry. GXO is the result of a split in the logistics and warehousing segments of the large worldwide company, XPO Logistics. GXO has been created to assume the contract warehousing business. At its launch in a few weeks, it will become the second-largest firm of its kind in the world. Manduca shares about GXO's industry role and company vision as a new player with a powerful heritage.
The demand for warehouse space just continues to grow. New data shows that capacity will still not meet the demand for new distribution space. A perfect storm has converged to keep warehouse capacity high, including less new construction during the pandemic and also the growth of e-commerce and consumer demand. Is there any letup in sight?
Financial firms are continuing to make significant investments in logistics and technology companies. What is driving confidence in this market and why are logistics firms so attractive for investment dollars?
Articles and resources mentioned in this episode:
- GXO website
- XPO says name of contract warehousing spinoff with be GXO
- Demand for warehouse space gains steam
- Softbank continues to back logistics tech startups with a quarter-billion-dollar bid
- Visit DCVelocity.com for the latest news.
- Send feedback about this podcast to podcast@dcvelocity.com.
Podcast sponsored by Honeywell Intelligrated
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