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Geopolitics, development incentives, and material costs… all influencing reshoring and a state of flux in manufacturing
Toronto, ON – Global commercial real estate advisor, Avison Young, today releases the sixth story in its 2024 Drivers of Change series, with a focus on major disruptions and trends impacting industrial real estate strategy.
From trade routes impacted by conflict to port congestion and energy prices, supply chains are trending toward a growing preference for reshoring and nearshoring strategies.
Additionally, credit and incentive programs are boosting emerging sectors in advanced manufacturing, clean technology, and renewable energy; and as EV vehicles continue to break sales records, we are seeing location decisions for critical supply networks and facilities benefit from a mix of funding benefits.
“Where and what businesses should base their production operations right now requires a mix of expertise, including knowledge of labor markets, transportation, supply chain, location-specific regulations, operational risk, taxes, and various development credits and incentives at a minimum,” shares Todd Ohlandt, Principal, Location Strategy at Avison Young. “All build toward what will be most advantageous for companies, communities, and local economies.”
About the Drivers of Change series
With the world in a perpetual state of flux, from rising interest rates to extreme weather, the series delves into topics and issues that are at the forefront of business, the economy, and commercial real estate – from housing, to supply chain trends, to Artificial Intelligence. Ten thought leadership pieces from Avison Young experts demonstrate how, without change, there is no growth, innovation, nor progress.
See the Drivers of Change series.
See the Manufacturing’s Path Forward story
About Avison Young
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2023 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 12 consecutive years.
For more information:
Andrea Zviedris [email protected], Media Relations – Canada: +1 416.891.7416
Sandra Hill [email protected], Media Relations – United States: +1 281.853.5548
Andrea Klettner [email protected], Media Relations – United Kingdom