New Report Reveals Prologis’ Expanding Global Economic Impact
Prologis today released a new report that summarizes the direct impact of its operations on the global economy. In partnership with independent advisory firm Oxford Economics, the company updated its “Future Flow of Goods” study, first conducted in 2017.
Key insights from the 2020 update:
- The current economic value of goods flowing through Prologis facilities worldwide is $2.2 trillion—a 69% increase over 2017.
- This $2.2 trillion in throughput represents 3.5% of the gross domestic product (GDP) of the 19 countries in which Prologis operates.
- The flow of goods through Prologis buildings represents 2.5% of global GDP—4.4% of global household consumption. For comparison, in 2017, the flow of goods was 1.7% of global GDP.
- Each day, approximately 850,000 people go to work under Prologis roofs, a 57.4% increase over 2017.
“This study shows just how critical logistics real estate is to the vitality of the global economy,” said CEO Hamid Moghadam. “Every day, Prologis sees many of the goods that make modern life possible flow through our distribution centers, which in turn underscores the interconnected nature of global trade.”