SAN FRANCISCO, Sept. 23, 2021 /PRNewswire/ -- Prologis,
Inc. (NYSE: PLD), the global leader in logistics real estate, will
expand its Community Workforce Initiative (CWI) training program in
six major markets in the U.S., creating more educational
opportunities for people seeking careers in logistics.
In partnership with JFF, a national nonprofit driving
transformation in the American workforce and educational systems,
Prologis CWI will train 10,000 people for jobs in transportation,
distribution and logistics over the next two years in Dallas, TX; Tracy,
CA; Long Beach, CA;
Chicago, IL; Las Vegas, NV; and Atlanta, GA. It also plans to establish new
programs in nine additional key logistics markets in the U.S. by
the end of 2021. This commitment is part of Prologis CWI's goal to
train 25,000 individuals by 2025. To date, the program has served
7,000 people.
"Our customers' needs for skilled and ready labor are greater
than ever," said Hamid R. Moghadam,
chairman and CEO, Prologis. "Helping people acquire in-demand
skills that can translate to fulfilling careers in logistics is a
benefit to workers, employers and communities. Beyond creating new
career opportunities, the program will strengthen the communities
where we operate and contribute to a resilient and healthy
logistics industry for years to come."
"Prologis is making critical investments to build career
pathways to enter and advance in the logistics industry," said
Maria Flynn, JFF president and CEO.
"We're pleased to partner with Prologis to develop—and now
scale—this work and to directly support their efforts to help U.S.
workers tap into opportunity and upward mobility in an industry
that is growing at such a rapid pace."
Meeting a critical need for trained logistics
workers
According to the U.S. Bureau of Labor Statistics, employment in
the distribution and logistics sectors will increase by 29 percent
from 2019 (prior to the pandemic) to 1.62 million workers in 2022.
The broader transportation, warehousing and related fields are
projected to add close to 735,000 jobs by 2031.
Prologis' online platform has proven to be an attractive
offering to job seekers. During the pandemic, thousands accessed
the state-of-the-art curriculum that incorporates the latest
technologies, including a fully mobile-friendly platform.
Additional partnerships with local nonprofits across the country
have deepened the program's reach and impact.
"As the logistics industry continues to rapidly expand and
evolve, providing opportunities for training and development is key
to attracting and retaining high-quality employees," said
Shannon Leffler, senior vice
president of human resources, GEODIS in Americas. "We're looking
forward to tapping into the new pool of trained workers that
Prologis' CWI program will yield. It's a win-win for companies and
employees alike."
About the Prologis Community Workforce
Initiative
Launched in 2018, CWI is a direct response to the growing
challenges Prologis customers face when seeking and retaining
qualified labor. The program provides workers with training and job
placement support. The online training platform developed with JFF
teaches essential workforce skills and provides an overview of
best practices across the distribution and logistics industries. To
facilitate job placement, CWI collaborates with regional workforce
development boards and jobs programs to help job seekers find
employment opportunities and access relevant career guidance and
support.
"COVID has had a dramatic impact on the labor market, and
industry-developed training programs like Prologis CWI offer
concrete opportunities to learn skills that are aligned with
immediate job openings," said Nick
Schultz, Executive Director, Pacific Gateway Workforce
Innovation Network. "We've seen the positive impact the program's
mix of virtual instruction, professional certification and
wraparound services can have on people's lives. We're proud to
collaborate with Prologis to help people in the Long Beach area and beyond acquire the skills
necessary for immediate labor market attachment and/or
advancement."
ACSM Supply Chain Warehousing Certificate
Program
Prologis CWI is also supporting increasing
skilled warehouse talent through the Supply Chain Warehousing
Certificate, developed in partnership with the Association of
Supply Chain Management (ASCM). ASCM will administer the
first-of-its-kind program, which will help people establish a core
skills competency in logistics. Students completing the online
course will take an exam to show proficiency and then receive
certificates and digital badges showing successful course
completion. The curriculum was established in collaboration with
Prologis' customers, including NFI and GEODIS.
ABOUT PROLOGIS
Prologis, Inc. is the global leader in logistics real estate with a
focus on high-barrier, high-growth markets. As of June 30, 2021, the company owned or had
investments in, on a wholly owned basis or through co-investment
ventures, properties and development projects expected to total
approximately 995 million square feet (92 million square meters) in
19 countries. Prologis leases modern logistics facilities to a
diverse base of approximately 5,500 customers principally across
two major categories: business-to-business and retail/online
fulfillment.
FORWARD-LOOKING STATEMENTS
The statements in
this document that are not historical facts are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These forward-looking statements are based on
current expectations, estimates and projections about the industry
and markets in which we operate as well as management's beliefs and
assumptions. Such statements involve uncertainties that could
significantly impact our financial results. Words such as
"expects," "anticipates," "intends," "plans," "believes," "seeks,"
and "estimates," including variations of such words and similar
expressions, are intended to identify such forward-looking
statements, which generally are not historical in nature. All
statements that address operating performance, events or
developments that we expect or anticipate will occur in the future
— including statements relating to rent and occupancy growth,
development activity, contribution and disposition activity,
general conditions in the geographic areas where we operate, our
debt, capital structure and financial position, our ability to form
new co-investment ventures and the availability of capital in
existing or new co-investment ventures — are forward-looking
statements. These statements are not guarantees of future
performance and involve certain risks, uncertainties and
assumptions that are difficult to predict. Although we believe the
expectations reflected in any forward-looking statements are based
on reasonable assumptions, we can give no assurance that our
expectations will be attained and, therefore, actual outcomes and
results may differ materially from what is expressed or forecasted
in such forward-looking statements. Some of the factors that may
affect outcomes and results include, but are not limited to: (i)
national, international, regional and local economic and political
climates; (ii) changes in global financial markets, interest rates
and foreign currency exchange rates; (iii) increased or
unanticipated competition for our properties; (iv) risks associated
with acquisitions, dispositions and development of properties; (v)
maintenance of real estate investment trust status, tax structuring
and changes in income tax laws and rates; (vi) availability of
financing and capital, the levels of debt that we maintain and our
credit ratings; (vii) risks related to our investments in our
co-investment ventures, including our ability to establish new
co-investment ventures; (viii) risks of doing business
internationally, including currency risks; (ix) environmental
uncertainties, including risks of natural disasters; (x) risks
related to the current coronavirus pandemic; and (xi) those
additional factors discussed in reports filed with the Securities
and Exchange Commission by us under the heading "Risk Factors." We
undertake no duty to update any forward-looking statements
appearing in this document except as may be required by
law.
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SOURCE Prologis, Inc.