34th Annual Survey of Corporate Executives Commentary: Top Criteria Remain Logistics and Labor
With 80 percent of U.S. communities served exclusively by trucks, highway access remains just as critical as accessibility to skilled labor.
Q1 2020
Nearly 70 percent of all freight is hauled by trucks and over 80 percent of the communities in the U.S. are served by trucks only. Rising logistics costs and real estate prices aside, growing market demand is the ultimate investment driver as e-commerce, J-I-T manufacturing, and timely last-mile delivery require great highway access and proximity to markets. Improving one’s supply chain footprint is so important that most manufacturers and distributors start their site selection process by doing logistics analysis up front to determine their search area, then go out to find the best labor, real estate, regulatory/business environment, etc. within the search area.
The Corporate Survey also points out the ongoing concern investors have regarding the availability of skilled labor and overall labor costs. Locations large and small with meaningful educational institutions, focused labor training programs, and/or a “quality of life” that attracts and retains a skilled workforce will continue to attract investors.
Project Announcements
Textile Manufacture 23 Farrar Street Relocates-Plans Lynn, Massachusetts, Operations
03/28/2023
Canada-Based Epsilon Industries Plans Tuscaloosa, Alabama, Prefabricated Modular Utility Systems Plant
03/28/2023
Korea-Based LG Energy Solution Plans Queen Creek, Arizona, EV Battery Manufacturing Plant
03/28/2023
France-Based CMG CleanTech Plans Osceola County, Florida, Renewable Energy Technology Manufacturing Park
03/28/2023
France-Based TIME Bicycles Plans Spartanburg County, South Carolina, Carbon Fiber Bicycle Factory
03/27/2023
Hanwha Advanced Materials Plans Cartersville, Georgia, Manufacturing Plant
03/27/2023
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