|
EV Popularity
There is an increase in the number of Americans interested in buying or leasing electric vehicles due to uncertainties surrounding fuel supplies and prices, government incentives reducing MSRPs on vehicles produced in North America, and sustainability efforts. Bloomberg forecasts EV sales will reach 20.6 million by 2025, resulting in manufacturers' need to expand production capacity to meet the demand.
Supply Chain & Manufacturing
COVID-19 provided the catalyst for organizations to reshore manufacturing facilities in the United States to eliminate transportation, inventory, and labor-related delays. The recent supply chain disruptions have magnified the fragility of globalization, leading companies to change siting of manufacturing facilities based on labor savings to focus on time to market competitive advantages. Positioning manufacturing facilities close to consumers decreases operational risks.
Legislation
The government has recently passed legislation to support the attraction and expansion of high-tech manufacturing, advanced transportation, Research and Development, and alternative energy solution facilities built in the United States.
|
