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Interview
In the two years since the passage of the Inflation Reduction Act , the sheer volume of global companies that are looking to start or expand manufacturing operations in the United States is staggering
their transportation spend by consolidating shipments to their stores and eliminate cross-shipment of product . Additionally , the facility not only meets their current needs but is designed to lean into their future growth . The client was also made aware of the CARES Act and qualified for substantial credits for employee retention .
In the two years since the passage of the Inflation Reduction Act , the sheer volume of global companies that are looking to start or expand manufacturing operations in the United States is staggering . Our internal tracking of reshoring activities shows that between 2021 and 2023 , 66 percent of reshoring job announcements were tied to EVs and batteries , chips , clean energy or biomanufacturing . There is some serious momentum to manufacture products again in North America , and specifically in the United States .
We have 45 offices across North America and transact in every state and province in the region . We truly strive to be the onestop shop to support our clients throughout the entire business lifecycle . Whether it be expanding , contracting or realigning a location strategy , Savills can support through both consulting and transactions .
What are the biggest industry changes you ’ ve seen in recent years ? It ’ s about the data now . No longer is it enough to just think or feel that a facility should be in one state or town or another , true metrics are used to validate location strategy decisions . A careful understanding of utilities , labor and infrastructure are critical to deciding where to site a facility . Real estate decisions are long-term in nature and can be costly as well . It ’ s important to get it right .
It used to be that a factory or warehouse was decided with a simpler methodology – like the company may have had some extra land somewhere , or in another area there is a good labor pool . Nowadays , the understanding that your facility is not just a cost of goods sold but can provide strategic advantages in terms of total landed costs ,
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