The pandemic pushed brick-and-mortar retailers to jump on the e-commerce bandwagon fast — but even as that slows, fears that retailers are pulling back on their warehouse space are premature, Prologis CEO Hamid Moghadam tells Axios.
Why it matters: Investors have been trying to read the tea leaves on whether Amazon could be a bellwether for the rest of the e-commerce space. The giant spooked the market in April with its decision to cut back on its warehouse space, and sublease 10 million square feet.
