Site Selectors Guild
Site Selectors Guild
Site Selection Matters is a podcast that takes a close look at the art and science of site selection decision making with Rick Weddle, executive director of the Site Selectors Guild. Every two weeks we plan to bring you a new episode that introduces you to different members of the Site Selectors Guild and offers insight into the best and next pr
Rick Weddle (Site Selectors Guild): Welcome to "Site Selection Matters," where we take a closer look at the art and science of site selection decision making. I'm your host, Rick Weddle, president of the Site Selectors Guild. In each episode, we introduce you to leaders in the world of corporate site selection and economic development. We speak with members of the Site Selectors Guild, our economic development partners, and corporate decision makers to provide you with deep insight into the best and next practices in our profession. In this episode, we have as our guest, René Buck, CEO of BCI Global, one of the world's leading independent footprint optimization, location strategy, site selection, and supply chain consulting companies. BCI has offices in the U.S., in Europe, and in Asia. Today, René will talk with us about increasing chances for reshoring or production from Asia to the U.S. More specifically, we'll also talk with René about what's driving this movement, and the U.S. states that are the best positioned to capture future reshoring investments. Join me as we welcome René Buck to "Site Selection Matters." René, before we get into a deep dive on this important topic, take a minute, if you will, to explain to our listeners what you mean by decentralization of production, or also called reshoring. And maybe also, a little bit about what the current drivers are of this process. René Buck (BCI Global): Yeah, sure. We hear a lot about reshoring. And reshoring is like something which went out of the U.S. or out of Europe to China/Asia and is now supposed to come back. But let's say we prefer and, I mean, with we also our corporate clients prefer the word decentralization of manufacturing. And decentralization of manufacturing means that is the opposite of having all your eggs in one basket. You can imagine that you have a certain product, or a certain product line and you say, "Well, there's only one place on earth where I produce that." So, it's a global manufacturing plant. Then you will have regional manufacturing plants saying, "Okay. Well, this product, I produce it in a plant for Asia pack, I have a plant for North America, and I have a plant for Europe." And decentralization means even having more plants than just opposite to having one global plant. So, we came for economies of scale reasons. A number of companies chose the last decades to say, "Well, I have one global plant who produces that product." But on the one hand, the U.S.-China trade dispute and on the other hand COVID-19 have made clear that that can be a risky and bumpy road. So, what we see is that companies are looking now into—should we not decentralize our manufacturing, so not having this product produced only in one or two plants, but the more closer to the market so that we are not that vulnerable for business disruption risk? And the reasons, the drivers behind that are there are a couple of drivers. One is from a supply chain risk perspective. You want to reduce the sourcing risk. You want to reduce the risk that you are too dependent of critical suppliers in only one single region. And let's be honest, COVID-19, certainly in February and Marc, and April made clear that supply chains all over the world were disturbed by the fact that the critical suppliers in China could not deliver anymore. So, you have supply chain drivers in terms of mitigating sourcing risk. We have also external disruptions. We talk about pandemic. We talk about trade barrier risk. Let's not forget that for a lot of American companies, this decentralization challenge, where should we produce? What products? With what technologies? For what markets? Where? I repeat, what products do we produce? With what technologies? For what markets? Where? That's a question which for many companies, U.S.-based companies already from e
In this week’s episode of Site Selection Matters, Guild President Rick Weddle speaks with Greg Burkart, Managing Director and Practice Leader with Duff & Phelps, about how the COVID-19 pandemic is changing the dynamics of manufacturing location activity around the world. Greg explores manufacturing re-shoring and how it will impact stated, regions and cities in the years ahead.
Guild President and CEO Rick Weddle talks with Tom Stringer, Managing Director and Service Leader for Site Selection and Incentives with BDO, about site location work in the Post COVID-19 Era.
Elias van Herwaarden of Location Perspectives talks with Guild President Rick Weddle about how the COVID-19 pandemic may be redrawing Europe’s economic borders.
Mark Williams, President of the Strategic Development Group, discusses the concept of reshoring with Guild President, Rick Weddle. Hear how reshoring is impacting economic development and how COVID-19 is impacting the site location business overall.
Listen to Andy Shapiro with Biggins Lacy Shapiro & Company talk with Guild President Rick Weddle about the state and local financial incentive climate in the post COVID-19 economic environment.
In this episode of Site Selection Matters, Guild President Rick Weddle talks with Andreas Dressler of Location Decisions about investment attraction strategies in the post-COVID-19 world in which we live today.
Guild president Rick Weddle interviews Jerry Szatan, Founder and Principal of Szatan & Associates, about current food industry trends and how this sector wiill be impacted by the COVID-19 pandemic. Jerry takes a deep dive into the overarching trends that are most prevalent in the food industry today and how these trends may be impacted by consumer shifts and operational changes amidst COVID-19.
Listen to host Rick Weddle interview Michelle Comerford, Guild board member and Industrial and Supply Chain Practice Lead at Biggins Lacy Shapiro & Company, about the effect of COVID-19 on manufacturers and the manufacturing supply chain. Hear how we can expect the crisis to shift the way both manufacturers and consumers operate as we look toward recovery from this global crisis.
In this week’ episode, host Rick Weddle, President of the Site Selectors Guild, interviews Dennis Donovan, Principal of Wadley Donovan Gutshaw Consulting, about the site selection process abroad. Dennis walks us through the site selector’s role in international corporate location decisions and how International Promotion Agencies (IPAs) can better position communities abroad for Foreign Direct Investment (FDI).
Guild CEO Rick Weddle and Consul General Nadia Theodore, Consul General of Canada for the US Southeast in Atlanta, GA discuss the USMCA Trade Agreement and its impact on economic development and competitiveness.
In this week’s episode, Guild CEO Rick Weddle interviews Von Hatley, Managing Director at Jones Walker Consulting about major trends in the advanced manufacturing industry. Von and Rick dig deep into shifts in manufacturing and how they are affecting our economy, workforce and site selection decisions.
Join Site Selectors Guild President, Rick Weddle, as he discusses the economic development implications of solar power with Will Hearn, Director of Site Selection and Real Estate for Origis Energy.
Guild President, Rick Weddle, speaks with Robyn Domber, VP of Researchg at Development Counsellors International (DCI), about the role of research in economic development and site location. In this episode, Rick and Robyn also discuss a recent study by the Guild to better understand the perception of the site selection profession and familiarity with the Guild among corporate executives.
Rick Weddle, President and CEO of the Site Selectors Guild, speaks with Elias van Herwaarden, Principal with Location Perspectives, about the UK’s long-awaited and controversial exot from the European Union, also known as BREXIT.
In this week’s episode, host Rick Weddle, President and CEO of the Site Selectors Guild, speaks with Bob Hess, Vice Chairman of Global Strategy at Newmark Knight Frank, about one of the most critical and high-impact economic drivers in the U.S. and globally: life sciences, which includes biosciences, pharmaceuticals and biotechnology. Rick and Bob discuss the breadth of the life sciences industry, which accounts for almost two million jobs that call for a diverse set of talented workers.
This podcast is a special year-end episode of Site Selection Matters featuring five leading experts in site selection and economic development as they make their top predictions for the year ahead. Hear Guild President Rick Weddle interview Didi Caldwell with Global Location Strategies, Dennis Donovan with Wadley Donovan Gutshaw Consulting, Larry Gigerich with Ginovus, Kenny McDonald with One Columbus and 2020 IEDC Chair, and Gregg Wassmansdorf with Newmark Knight Frank as they pull back the curtain and discuss the global economy, US-China relations, the future of work and more.
Listen to Site Selectors Guild President, Rick Weddle, discuss workforce trends, talent migration and thre rise of nomadic workers with Andrew Phillips, LinkedIn Senior Account Executive and US Market Economic Development Lead.
Mark Williams, President of the Strategic Development Group discusses the top ten mistakes companies often make in site selection. Hear Guild President, Rick Weddle, talk with Mark about his experience and his observations of companies’ site location errors that have enormous short and long-term cost consequences.
In this week’s episode of Site Selection Matters, Rick Weddle talks with Mike Mullis and Denise Mott from J.M. Mullis about the RFI/RFP process and how to effectively prepare for a successful site visit. Hear the inside story on how to move a community from a company’s short list to a site visit and, ultimately, a successful project location.
Hear Guild Board member Jay Garner, President of Garner Economics, discuss what he sees as keys to success in economic development – Leadership, Business Climate and Relationships. Learn the role the Site Selectors Guild plays in this important process.
Rick Weddle interviews Chris Lloyd, Site Selectors Guild Board member and Senior VP and Director of Infrastructure and Economic Development for McGuireWoods Consulting, about what he refers to as the “War on Economic Development”. Hear Chris talk about the changes in economic development, how it has become more politicized and how economic developers can remain relevant and maintain needed support.