‘Prologis President Discusses Challenges of Warehouse Development\n\nIn a recent investor day presentation, Prologis President Dan Letter addressed the challenges facing the logistics real estate giant in responding to the nation’s growing supply chain needs. Letter acknowledged that community opposition to warehouse development has made it increasingly difficult to build new warehouses, stating that “it’s just getting harder to build warehouses.” This sentiment has been amplified in the post-pandemic period, as warehouse demand and activity have spiked.\n\nAccording to Letter, communities want their goods delivered in a sustainable manner, but they are not always receptive to the warehouses that facilitate this delivery. He encouraged investors to tune in to local planning commission meetings to gain a better understanding of the industry’s challenges. Letter specifically highlighted Southern California, South Florida, and New Jersey as markets with strong community activism and planning and zoning commissions that are sympathetic to citizen concerns.\n\nPrologis remains optimistic about the long-term prospects of the logistics industry. Co-founder, chairman, and CEO Hamid R. Moghadam stated that he expects a slowing economy and additional capacity to push nationwide vacancy rates to the high-5% range before dropping into the 4% range or slightly higher. Moghadam also noted that the market is currently tighter than at any other time in his 40-year career.\n\nBridgewater Associates’ Top Growth Stocks\n\nIn other news, billionaire investor Ray Dalio’s hedge fund Bridgewater Associates has recently released its list of the 12 best growth stocks to buy. Dalio, who founded Bridgewater Associates in 1975, has earned a reputation as one of the most respected investors in the industry. The hedge fund currently manages over $90 billion in assets and successfully navigated the 2008 financial crisis, with its main fund rising 9% while the S&P 500 plunged 37%.\n\nBridgewater Associates’ investment strategy relies on a collection of hundreds of signals or quantitative indicators to predict market movements. While the details of these signals have not been disclosed, the hedge fund has consistently generated an average annual return of 12% since its inception.\n\nConclusion\n\n Prologis President Dan Letter\’s recent comments highlight the challenges facing the logistics industry in responding to the nation’s growing supply chain needs. Community opposition to warehouse development has made it increasingly difficult to build new warehouses, but Prologis remains optimistic about the long-term prospects of the industry.’