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How are Uncertain Times Altering Company Location Strategies?
18 Sep 2020
As corporate decision-makers develop their business strategies for the future, the markets they consider are rapidly changing. This dynamic trend was already in place before the onset of the global COVID-19 pandemic as businesses sought to alleviate concentration risk. With the unprecedented impacts on the global economy of the current public health crisis, however, the search for alternative locations has taken on new urgency and quickly became a priority.
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The global pandemic has upended the labor market and dramatically and suddenly reversed U.S. economic expansion. COVID-19, especially, has caused U.S. manufactures to face unprecedented labor challenges.
With COVID-19 and the need for social distancing, these shortages are escalating. Many factories have shuttered to protect workers and prevent COVID-19’s...
Newly dispersed work teams are facing new challenges. During the early months of the global pandemic, more than three-quarters of organizations reported 80 percent or more of their employees were working from home, according to a global survey on workplace re-entry.
While workplace mobility isn’t new, the scale of remote work...
AD: Will more companies be re-shoring or near-shoring as a result of the global pandemic?
Jensen: For certain, most companies are closely examining the options available to them to avoid future supply chain interruptions. Part of the challenge of making a decision on a future sourcing direction is that this story...
