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
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
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