A primary research study, The State of Site Selection, has identified the top trends impacting facility location decisions globally in its third edition. The report, a joint release by the Site Selectors Guild (the Guild) and Development Counsellors International (DCI), sheds light on crucial factors influencing business investment decisions.
According to the report, "The first edition of this report was released in March 2020, just days before the COVID-19 shutdown." This timing underscores the significant shift in global business landscapes brought about by the pandemic. Additionally, "The second edition was released in September 2022, which identified a surplus of office space and a shortage of industrial sites, in part due to the impacts of the pandemic."
The collaboration between the Guild, an association of professional site selection consultants, and DCI, a leader in travel, economic development, and talent attraction marketing, highlights the importance of informed decision-making in business investment strategies. The insights from this research study serve as a valuable resource for businesses navigating the complexities of site selection in a rapidly evolving economic environment.
As businesses continue to adapt to changing market conditions, the findings from The State of Site Selection report offer a comprehensive analysis of the risks and opportunities that shape investment decisions. Stay tuned for further updates on how site selection consultants are redefining risks to optimize business investments.