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.
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Shannon O'Hare, Managing Director, Business Incentives Practice, Cushman & Wakefield
Shannon O’Hare is managing director, Business Incentives Practice, and has over 20 years of experience in economic development and financial incentive negotiation. She creates financial benefits for clients in distribution, manufacturing, back office/call center operations, research, and headquarters facilities. Shannon represents clients across a wide range of industries including automotive, energy, hospitality, healthcare, consumer products, and retail. She also successfully negotiates incentives for real estate development projects across the country. She has extensive experience in negotiation of public-private partnerships involving various economic development incentive tools. Prior to her current position, Shannon was director for NexGen Advisors, a boutique development finance and incentive consulting firm, and held previous positions at Deloitte& Touche, LLP and Arthur Andersen, LLP. Shannon has a BS in Accountancy from the University of Illinois, Urbana-Champaign. She is a member of several real estate and economic development organizations and is also a frequent speaker on economic development topics and tools.
Project Announcements
Textile Manufacture 23 Farrar Street Relocates-Plans Lynn, Massachusetts, Operations
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France-Based CMG CleanTech Plans Osceola County, Florida, Renewable Energy Technology Manufacturing Park
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Hanwha Advanced Materials Plans Cartersville, Georgia, Manufacturing Plant
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