What were you seeing back then?

Yeah, e-commerce penetration was 4% or 5%.

And total global e-commerce sales were about $500 billion.

Today, those are 24% penetration and about $7 trillion.

So we saw that shift coming.

And the best way to play that, that move from retail being on shelves to being in warehouses, was to effectively buy distribution centers or logistics.

So what is last mile?

Yeah, last mile.