How Is the Pandemic Affecting Location Decisions in the Food & Beverage Industry?
6 May 2020
I've been fortunate to have some great conversations with economic developers over the past few weeks, with many questions on the pandemic's impact on site location decisions for the food and beverage Industry. While nothing is certain, I've read and attached links to some important insights which I would like to share with those who currently or plan to target this industry. Be very aware that:
- Disruption of reliable demand and labor shortages have resulted in huge supply chain inefficiencies, leaving too much food in the wrong places. New facility locations that process products that heavily rely on predictable supply chain will no doubt consider how any new location could hedge this risk.
As the coronavirus (COVID-19) pandemic in the U.S. spread in March, leading to shelter-in-place orders in most states and a rapid slowdown of the national economy, businesses have started adopting Baker Tilly’s “now, next, later” framework in dealing with the pandemic challenges: “Now” is focused on the first 30 days;...
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Lisa Hurley speaks on Economic Development Week and how it looks different during COVID-19 Response compared to previous years. She also speaks about looking strategically towards the future.