The economy continues to grow at a nice pace as most industries are locationally active due to factors such as customer demand, new technologies, logistics optimization, consolidation initiatives and other corporate strategies causing the movement of their operations. These factors are creating new challenges for companies trying to make location decisions. To handle this growth, a company will typically either expand their existing site(s) or open new site(s) which creates jobs and capital investment. These investments lead to the establishment of new operations such as call centers, data centers, distribution centers, headquarters, manufacturing plants and software development operations.
To help you develop a site selection strategy for these operations, the following provides a concise summary of the latest site selection trends to help you make smarter location decisions. (Alphabetically listed)
Headquarters and regional operation centers
Shared service centers
Software development and engineering
It is a good time to be in the site selection business as the economy is growing and companies continue to expand their operations. Due to the complexity of location decisions, most companies are engaging professionals to analyze labor conditions, conduct logistics analyses, negotiate economic incentives and secure real estate. The key is to evaluate all aspects of the site selection process in an integrated way to optimize the operational and financial results.