27. September 2016

Glossary

This term covers building works on land not previously developed or marketed. As often as not, the properties involved represent former agricultural land (hence the name “greenfield”) rezoned for development as industrial or trading estate. Obtaining a planning permission therefore often marks the first step. In deviation of the above definition, the term is also used for plots that are already zoned for development as part of trading estates, but that have not been sold yet. This goes in any case for trading estates not created through land recycling.

27. September 2016

Glossary

Germany’s Renewable Energy Sources Act (EEG) defines rules and regulations that govern the conservation of fossil energy sources and the promotion of renewable energy sources for the production of electricity.

27. September 2016

Glossary

The German Energy Saving Ordinance (EnEV) provides the legal basis for the energy-efficient development of new or existing buildings.

27. September 2016

Glossary

This term refers to a warehouse facility combining all the logistics processes that come into play in e-commerce. The processes, which typically include stock-keeping, handling of incoming online orders from end customers, shipping out orders and accepting returns, are executed by a fully automated intralogistics system.

27. September 2016

Glossary

“E-commerce” is short for “electronic commerce” and refers to the online retail business. The term, while theoretically covering the entire world of internet trading, is used essentially for buy-and-sell processes. On top of that, customer services and online banking are considered e-commerce, and some market players even include mail-order retailing in their definition of e-commerce.

27. September 2016

Glossary

This term refers to prime sites in more or less clearly delineated areas like town centres or the heart of logistics regions that are deemed particularly stable and low-risk. These areas are favoured under a long-term investment strategy.

27. September 2016

Glossary

The acronym stands for “corporate social responsibility” and implies a concept of holistic accountability in business. A company implementing the concept will typically seek to reconcile the interests of its business stakeholders with communal, social, and environmental concerns.

27. September 2016

Glossary

The term “Brexit” is a portmanteau word blending the words “British” and “exit.” It was coined in connection with the UK’s referendum on whether or not to leave the European Union, and now refers to both the process and the fact of the UK’s exit from the EU.

27. September 2016

Glossary

This term refers to a nascent trend by vendors or retailers to keep the logistics process in-house, including the last-mile delivery. In Germany, the practice has been adopted by Amazon and Zalando, among others.

27. September 2016

Glossary

“Business to business,” as the acronym spells out, refers to the relationship between corporates. This means that goods or services are provided for another company rather than for an end-consumer.