The New Industrial Ecosystem
24 Oct 2022
Far beyond ports, hubs, and transportation networks, the new industrial ecosystem requires a cross-section of executive decision-makers to take a proactive data-driven stance on location strategies and logistics planning. Shifts across complex, geopolitical and socio-economic systems are happening too quickly, and the costs are too high not to rely on a data-driven approach to meeting the common industrial sector challenges that include the following:
- Highly competitive site selection due to low inventory of available space and soaring real estate costs
- Sharp increases in costs of supplies, inventory stocking, transportation, and energy
Turnover rates Voluntary turnover rates (employees leaving without being fired or laid off) are predicted to jump nearly 20% in 2022. At a macro level, it might be easy to attribute these numbers to the crushed retail sector struggling to keep storefronts open, but turnover is hitting nearly every...
Major Projects Embrace Wide Open Rural SpacesOct 21 2022
Visitors to Montana know the state’s nickname of “Big Sky Country” is well deserved. The state’s rural setting and wide open spaces, aside from being scenic, factored into the recent decision-making process of an international industrial company. The result was an economic development plum for the state. Hyundai chose...
POV: Enough about quiet quitting and the Great Resignation. We need to talk about job opportunityOct 21 2022
What’s life like for workers now? Somewhere between terrible and meh, based on a quick scan of the news. We’re all enduring the Great Resignation, the Great Reshuffle, the Great Rethink. Whatever you call it, it feels like the opposite of great. Companies are coping with an epidemic of quiet...