In this episode, Melinda McLaughlin, Senior Vice President and Global Head of Research at Prologis, discusses the evolving state of global trade and its impact on logistics real estate. She highlights how trade disruptions, starting with tariffs in 2017 and intensified by the COVID-19 pandemic, have accelerated supply chain diversification – especially toward non-China Asia and Mexico. Companies are moving away from fragile, hyper-optimized supply chains toward diversified, resilient networks. While some growth decisions are paused due to market ambiguity, long-term strategies emphasize adaptability. McLaughlin stresses the importance of understanding micro-market dynamics and using scenario planning to navigate multiple potential futures in an evolving trade landscape. Recorded on April 28, 2025.