Dusseldorf Procurement difficulties and concerns about material shortages are driving demand from manufacturers of industrial primary products such as steel, semiconductors and plastics. Numerous companies from the relevant sectors are reporting record figures – because many customers are filling up their warehouses in order to be able to deliver despite the impending shortages.
The head of the steel trader Klöckner & Co. even spoke of “panic buying” in the customer industries – and posted a doubling of profits. Real estate service providers such as JLL are registering record demand for storage space: With around 2.3 million square meters in storage and logistics properties, JLL rented more space than ever before in a first quarter.
The economy is expecting ongoing problems in the supply chains due to the Ukraine war. “The processing industry has full order books and is trying to secure every available preliminary product,” says Markus Mayer, chemical expert at Baader Bank. “She wants to remain able to deliver and fears further price increases.”
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