Get the latest trends in global site selection, including relocation guides, region roundups, corporate expansions, and site selection planning.
Different types of companies will have different criteria when it comes to site selection. It’s a significant decision that most companies will face sooner or later—the challenge is balancing economic factors (taxes, government policies and incentives) against other, equally important considerations, from workforce to location to social climate. Where does one start? The new or relocated facility will need employees, but few sites come with a fully qualified workforce. Questions of workforce density, availability and trainability must be considered, as well as average wage rates in the area. For manufacturers, the need to deliver products and receive the raw materials required for production, will make locations closer to major highways (for trucking), rail lines or ports (for overseas delivery) more desirable. Another question is whether to relocate into an existing building, or to build from the ground up. The first option will require more modification, the second a higher budget. How are such basic needs as utilities (water, power, communications) addressed? There will also be zoning questions to be answered, as well as environmental considerations, which continue to ascend in prominence as awareness is raised on how business impacts the world we live in. International Relocation Site selection outside a company’s country of origin presents additional matters of importance, starting with the obvious social, cultural and language distinctions. Proximity to suppliers and competitors may be determining factors as well, though in some cases manufacturers prefer choosing a site in an area where similar industries are prospering. If they’re doing well here, the reasoning goes, so should we. If some of your workforce will be relocating as well, they will want to know about the quality and availability of medical care in the area, and what type of education their children will receive in local schools. And if they can still get a decent pizza delivered.
WHERE TO FIND THE NATURAL RESOURCES THAT ARE FEEDING U.S. BUSINESSES
Manufacturers operate complex supply chains that, in many cases, involve the movement of raw materials and resources from different parts… Read More
Diageo Breaks Ground at New Kentucky Distillery
Shelbyville, KY – London, UK-based beverage giant Diageo has broken ground at its new distillery in Shelby County, Kentucky distillery…. Read More
Global Market Advisors Open New Office in Thailand
Las Vegas, NV – Global Market Advisors LLC, the international casino gaming, hospitality and travel industry consultancy, has opened an… Read More
DHL Opens New Tokyo Distribution Hub
Tokyo, Japan – Logistics and shipping giant DHL has broken ground at its new $89 million custom-built Tokyo Gateway at… Read More
Wendy’s: ‘Aye’ to Canada, ‘Nyet’ to Russia
Dublin, OH – Fast food giant Wendy’s has announced a major overhaul of its international operations with almost simultaneous moves… Read More
Coldstone Creamery Signs Pakistan Franchise Deal
Scottsdale, AZ – The Cold Stone Creamery has expanded its global footprint with the signing of a franchise agreement to… Read More
Orkin Sets Up Three New Franchises in South America
Atlanta, GA – International pest control firm Orkin has established three new international franchises in Sao Paulo, Brazil; Belo Horizonte, Brazil; and Asuncion,… Read More
Dascher Expands Logistics Profile in Korea, US Midwest
Atlanta, GA – International logistics provider Dacsher has expanded its footprint in Korea and the US Midwest. The company has… Read More
Hard Rock Developing New Hotel Property in Mexico
Orlando, FL – Hard Rock International has begun construction on a new hotel in Cabo San Lucas, Mexico, that will… Read More
ITRenew To Open New Canadian Tech Center
Silicon Valley, CA –ITRenew Inc.’s new operations center in Toronto, Canada, is scheduled to open for business on August 1…. Read More
Prologis Acquires Warehouse Properties in Poland, Hungary
San Francisco, CA – Industrial real estate leasor Prologis Inc. has acquired two major logistics facilities in Poland and Hungary…. Read More
China to Invest in Louisiana Methanol Plant
Vacherie, LA – China’s Yuhuang Chemical CEO has said it will inject a $1.85 billion capital investment in a methanol… Read More
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