Choosing a location for an advanced manufacturing plant is more complex and challenging than ever
Guide
Solving the land-power-labor challenge
Your browser doesn't support speech synthesis.
Listen to article •
Read time: 1 sec
Industry 4.0 has revolutionized manufacturing, introducing new complexities in site selection. Beyond the traditional "three P's”—people, power and place—smart manufacturers are now considering advanced technologies like IoT, AI and big data. These requirements demand larger, more specialized sites with access to skilled labor and substantial power resources.
Now, manufacturers are prioritizing resilience by reshaping their footprints. This includes diversifying factory locations, reshoring and nearshoring to reduce supply chain complexity and shipping times.
Embracing a thorough, analytical approach to site selection is not just crucial, it's empowering. By considering all factors, you can confidently navigate this rapidly evolving industry, balancing traditional needs with cutting-edge technology demands.