36th Annual Survey of Corporate Executives Commentary: Pandemic-Induced Impacts Have Profound Effect on Decision-Makers
Labor costs, inbound/outbound shipping costs, and raw materials availability, in particular, have significantly increased in priority.
Q1 2022
Those “age-old” site selection factors, such as available workforce, infrastructure, accessibility, available land/buildings, state and local incentives, etc. continue to appear in the survey results. In the coming months and years, as disruptions caused by COVID-19 persist (or improve), those pandemic-induced impacts may have a permanent or long-term effect on site selection decision-making.
Ultimately, site selection factors evolve from issues important to corporate location decision-makers. Companies are making drastic changes to worker compensation, recruiting strategies, supply chain networks, and their real estate footprint, all in an effort to better compete in the “new normal.” Their efforts to remain competitive will continue to drive location decisions.
Project Announcements
Precision Planting Plans Morton, Illinois, Operations Center
07/05/2022
HHO Carbon Clean Systems Plans McCracken County, Kentucky, Production Plant
07/05/2022
Toast Establishes Nashville, Tennessee, Configuration Complex
07/05/2022
H-E-B Expands Temple, Texas, Distribution Operations
07/05/2022
Peerless Products Establishes Nevada, Missouri, Facility
07/02/2022
Allegis Group Establishes Jacksonville, Florida, Operations Center
07/02/2022
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