Manufacturing Purchasing Managers Like the Southeast
The recent uptick in manufacturing activity in the Southeast, as indicated by the Purchasing Managers Index (PMI) report released earlier this month by Kennesaw State University's Econometric Center in the Michael J. Coles College of Business, is a direct reflection of the region's recent influx of manufacturers. Additionally, Porsche and Mercedes' announcements that they are moving their U.S. headquarters to Atlanta, while Toyota is moving into Texas, is hugely significant to the region. There is a strategic value that manufacturers find in evaluating the Southeast as prime location, and the trend is poised to continue.
Manufacturers must assess challenges associated with locating in the Southeast, including workforce development, forcing states to look for ways to better educate people and elevate the sophistication of vocational training. Additionally, manufacturers need to identify their priorities and stick to the list. Incentives cannot make a bad project site good. Moving to the Southeast can be extremely positive for manufacturers when it comes to keeping their employees happy and their bottom line strong. Many qualities make the Southeast shine as an economic development hot spot, including right-to-work states, lower or no income taxes, affordable cost of living, and an overall attractive place to raise families, thanks to the climate and lifestyle. There is a lot of undeveloped land available, as well as good interstate and railroad systems. The Atlanta airport is still a draw and if a company needs to be near a port, Mobile, Savannah, and cities throughout Florida are great options. Purchasing managers in the Southeast and throughout the world are seeking a Supply Chain Portal. Learn more: bit.ly/1PrFCQM.
|
