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
Amazon Plans Goochland County, Virginia, Fulfillment Operations
05/16/2025
Reworld Plans Park Hills, Missouri, Material Processing Operations
05/16/2025
Sumitomo Drive Technologies Upgrades Chesapeake, Virginia, Warehouse-Distribution Operations
05/16/2025
Green Recycle USA Plans Pittsylvania County, Virginia, Operations
05/16/2025
QualiChem Expands Salem, Virginia, Operations
05/16/2025
Turkey-Based Mega Metal Plans Ridgeway, South Carolina, Manufacturing Operations
05/16/2025
Most Read
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
Run a Job Task Analysis
Q4 2024
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
The Location Economics of Advanced Nuclear
Q1 2025
-
Why Workforce Readiness Can’t Wait
Q1 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and
Q2 2025
-
Is It Time to Start Planning for Quantum Data Centers?
Q1 2025