Aug 2, 2017
NAIOP held its second Quarterly Luncheon Meeting of 2017 on Thursday, July 27 at the San Jose Country Club. Four panelists and moderator Peter Anderson discussed trends in the e-commerce industry and how e-commerce is impacting the commercial real estate business in Northeast Florida.
The four panelists represented a variety of viewpoints on this emerging industry. Panelist Rick Schart, the Senior Vice President of Supply Chain for Stein Mart, shared what he is doing to spearhead Stein Mart’s e-commerce division and discussed how Stein Mart is adapting to a changing retail environment, specifically through its “omnichannel” sales strategy and how retailers can fulfill orders using brick and mortar store inventory. Panelist Chris Flowers, the CEO of Shipping-and-Handling.com, shared his view of the future that involves same day delivery and how existing shopping malls could potentially be transformed into last mile distribution facilities. Tyler Newman and Jacob Horsley, both Directors at Cushman & Wakefield, shared their knowledge of the Jacksonville industrial real estate market and discussed the types of physical changes that industrial facilities are undergoing to be ready to serve the e-commerce industry. Peter Anderson tied the discussion together with his signature humor and personality.
The program had an attendance of approximately 110 guests, and the Q&A at the end of the program resulted in an engaging discussion. We look forward to watching Jacksonville’s industrial real estate market continue to evolve to meet the demands of e-commerce.
Andrew Warfield with The Daily Record published an article on the luncheon – to read his story click on the link provided: http://www.jaxdailyrecord.com/article/how-businesses-are-reshaping-shopping