Corporate Executive Survey Commentary: Logistics Still Drives Location for Manufacturers
With manufacturers representing only 35 percent of the 2015 Corporate Survey respondents (as compared to 77 percent in 200), highway accessibility has slipped from its number-one spot in the rankings.
Q1 2016
Over the past 15 years, Area Development’s Annual Corporate Surveys have typically shown that highway access has been the number-one site selection factor overall, with labor being number two. This was true for 2000, 2005, and 2010. However, the current 2015 Corporate Survey shows the availability of skilled labor as the number-one factor, with highway access slipping to the number-two spot. While I found this to be very interesting, I thought it to be a bit contrary to what I have been experiencing as a corporate site selector, at least for manufacturing and warehouse distribution investments.
I took a look back and analyzed the makeup of prior respondent pools since 2000. In the year 2000, the respondent pool was comprised of 77 percent of manufacturing companies. In 2005, the makeup was 80 percent manufacturers. This figure dropped to just 66 percent for the 2010 survey. However, the current 2015 survey respondent pool is made up of only 35 percent manufacturers. This shows a respondent pool that is largely non-manufacturing in nature and hence not reflecting the highway access aspect as much as the surveys of the past. It is still my belief that for manufacturing and warehouse distribution, highway access remains the top factor.
Project Announcements
Walinga USA Expands Wayland, Michigan, Operations
12/01/2023
Amkor Technology Plans Peoria, Arizona, Advanced Packaging-Test Facility
12/01/2023
Dai Nippon Printing Plans Linwood, North Carolina, Lithium-ion Manufacturing Operations
11/29/2023
Axle Logistics Expands Knoxville, Tennessee, Operations
11/29/2023
EquipmentShare Establishes Moberly, Missouri, Operations
11/29/2023
IronLink Logistics Plans Ladson, South Carolina, Operations Hub
11/24/2023
Most Read
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The Rise of Mid-Size U.S. Cities: The Industrial Development Boom
Q3 2023
-
Front Line: Brownfields Offer Redevelopment Opportunities
Q4 2023
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
2023 Top States Workforce Development Programs
Q3 2023
-
Immigration: A Potential Fix for Labor Shortages?
Workforce Q4 2023