36th Annual Survey of Corporate Executives Commentary: Supply Chain Factors Take on Added Significance
The major supply chain disruptions experienced in 2021 are reflected in the survey results.
Q1 2022
It is interesting to note inbound/outbound shipping costs shot up to #4 in the 2021 ranking from #10 in the 2020 ranking. This emphasizes the strain rising costs are having on businesses and, in turn, site locations decisions. Raw materials availability also shot up in the rankings, from #21 in 2020 to #6 in 2021. Much of this can likely be attributed to the major supply chain disruptions experienced in 2021.
State and local Incentives remained in the top 10 again, moving from #9 to #8. As companies make site location decisions, they are still keenly aware of incentive opportunities and searching for state and local municipalities that will act as partners in their business locations decisions.
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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