The Prof G Pod with Scott Galloway State of Play: Supply Chain & Logistics — with Hamid Moghadam
May 27, 2021
Hamid Moghadam, CEO of Prologis and a leader in logistics real estate, shares insights on the evolution of warehouses to meet e-commerce demands. He discusses how the pandemic accelerated changes in the supply chain sector and how technology is reshaping delivery times and customer satisfaction. Moghadam reflects on his journey as an Iranian-American navigating challenges in business, emphasizing the importance of emotional intelligence and personal connections in leadership.
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The Importance of Logistics
- Supply chain disruptions and the rise of e-commerce have highlighted the strategic importance of logistics.
- Warehouses, once overlooked, are now crucial for meeting consumer demand for speed and variety.
Warehouse Evolution
- Warehouses have shifted from cost-saving storage to proximity to consumers for faster delivery.
- This shift prioritizes access to consumers and necessitates larger warehouses and "last touch" locations.
People and Technology in Warehouses
- Modern warehouses employ more people and technology due to increased e-commerce demands.
- Handling individual parcels instead of pallets requires more labor and space for picking, packing, and returns.
