A short-term surge in warehouse demand could signal long-term changes in supply chain strategies. Industrial real-estate activity jumped 43% from April 15 to May 14 following a steep decline in the previous 30-day period, the WSJ Logistics Report’s Jennifer Smith writes, a shift that CBRE says came as retailers and their suppliers ramped e-commerce operations amid the upheaval from coronavirus lockdowns. Companies are now weighing how much of the online sales surge will continue as local economies reopen and consumers step out of lockdowns. Many are accelerating use of hybrid strategies, with fulfillment from stores expanding. The warehouse figures suggest they’re also spreading more inventory around the U.S. to ensure rapid delivery to consumers. CBRE notes there strong growth in short-term leases, a sign that operators are hedging their bets and waiting to see how demand develops in the coming months before refashioning their supply chains for the long haul.