New research by Prologis has found that there are five main factors that shape location selection in Europe: proximity to major consumption centres; regulatory environments; labour availability; transport infrastructure; and total costs.
The top logistics locations according to each of the factors are as follows:
The research also found:
Immediate access to major consumption centres is paramount.
Major population centres with the highest consumption are increasingly important.
Overall costs rank comparatively low in importance when weighed against other factors.
Proximity of labour (e.g., in Western Europe, with the Netherlands a key example) and cost of labour (such as in Poland) have a direct influence on customer logistics decisions.
“It’s clear that a close and ready workforce and proximity to economic networks are crucial to logistics users,” said Dirk Sosef, head of Prologis’ research and strategy initiatives in Europe. “In this environment of logistics growth, policymakers should encourage investment in infrastructure and availability of a qualified workforce.”