A New, Turbulent Era for Real Estate Supply Chains


originally published by  for Propmodo and shared with NAIOP National

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If we’re looking at the effects of the broken supply chain on commercial real estate, it’s best to start at the beginning. And it all begins with the onset of the pandemic and its impact on manufacturers. Michigan Maple Block Company is a good example. On March 24, 2020, the Michigan Maple Block Company furloughed most of its 56 workers at its plant in Petoskey, Michigan.

The company decided to do so after its state enacted a stay-at-home order. It had only been a couple of weeks since the World Health Organization characterized COVID-19 as a pandemic, alarmed by the spread and severity of the mysterious new infectious disease. A month later, in late April, Michigan Maple Block Company decided to shut down the factory for good, closing a plant that had manufactured cutting boards and industrial tabletops since 1881.

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