A Disciplined Road Map for Industrial Site Selection
Monday, June 22, 2020
It’s almost always good news when an industrial manufacturer needs to find a new plant site. It means business is growing, new markets are emerging, and financials are healthy. However, this is the point of time in the business cycle when decisions about next steps need to be made carefully. Unfortunately, this is when many businesses get tripped up.
Plant owners and managers may agree on the need for new production lines, more distribution capacity, new automation processes, and more staff. But this is also when additional rigor is most urgently needed to analyze the best-case business scenarios for that next step. It’s when a pre-capital plan with disciplined site selection criteria is most needed.