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Demand for food factories expected to stay healthy

Demand for food factories expected to stay healthy.

Driving this is the increasing popularity of e-commerce, delivery services: Colliers report

With the rising popularity of food delivery services and e-commerce, demand for food factories in Singapore is expected to stay healthy, even though this will likely lag behind supply in 2019-2020, said Ms Tricia Song, head of research for Singapore at Colliers International.

Her comments on Wednesday accompany the commercial real estate services provider's research report tracking the performance of food factories in Singapore.

Colliers Research observed that delivery service providers had been solidifying their presence in the face of rising competition.

Source : https://www.straitstimes.com/business/property/demand-for-food-factories-expected-to-stay-healthy

Adapted from The Straits Times 30 May 2019