Location Velocity: Good Today, But What About Tomorrow?

Description

This article examines the dynamic referred to as "Location Velocity." Simply described, location velocity embraces the concept that an apparently excellent area for a new facility could turn into a markedly disadvantageous location due to a significant influx of comparable businesses. This influx could strain an area's resources - especially labor market and infrastructure. The end result often features overheated demand for requisite labor, dwindling supply of qualified workers, escalation of wages / salaries, rising turnover, traffic congestion, longer commutes, increasing taxes, and higher real estate costs.

Keywords:

location velocity, site selection, operating conditions, churn, location screening, labor demand, labor supply, global