Looking back at all that has transpired in 2022 gives us a great picture of what 2023 & 2024 will look like for manufacturing site selection. Location criteria are unique to each individual project, but there are standard site selection drivers that typically influence most manufacturing location decisions. Talent availability & costs Shipping & receiving…
Those associated with the industrial real estate industry will attest that the post-COVID-19 industrial real estate boom has been unlike anything they have ever experienced in their career, despite how long they have been in the industry. Over the course of the last 24 months, developers have constructed buildings at a record clip, vacancy has…
The recent pandemic created a massive shift in population across the U.S. People migrated from major cities like New York City, Los Angeles, Chicago, and the Bay Area to lower-cost cities such as Dallas, Phoenix, Atlanta, and Austin. There is a flight from the densely populated mega-cities as people seek a better quality of life.…
We are hearing from many clients that they are having huge challenges in hiring and retaining DC talent. The data confirms this. Most of the cities below are no surprise, but a few of the lower % growth areas in the table immediately below could represent competitive opportunities for savvy DC operators! Distribution workforce…
This shortage will affect quality of life, result in higher prices for consumers, and diminish the speed and quality of services. In many ways, the labor shortage and supply chain issues we are experiencing now are a foretaste of what’s to come. Gone will be the days of businesses trying to find the best talent…
US Credits & Incentives ALABAMA With a robust aviation and aerospace industry, Alabama legislators are now seeking to extend a key tax exemption that is otherwise set for expiration. As introduced, HB 20 would extend the state’s preexisting gross receipts tax exemption on the sale of parts, components, and systems that become a part…
Canada Credits & Incentives There is a common misconception that incentives are not prevalent across the Canadian provinces. While there are certainly varying ways in how incentives are utilized and deployed, provincial and local governments throughout Canada do leverage financial and technical resources to support business growth, industrial development, and job retention. Very often…
According to the US Department of Labor, a staggering 11 million people in the US quit their jobs between April and June. What employees accepted in 2020 BC (before COVID) has drastically changed. The reset button on humanity has been pressed and we’re never turning back. The shutdown gave us time to question what we want for ourselves,…
In today’s labor market, it can be extremely difficult to find quality labor. The effects of COVID-19 and responses to the pandemic continue to drive wages up. Distribution employers will need to stay ahead of these trends to control costs in the coming years and budget accordingly. We looked at wage escalation in the distribution…