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Considerations to make site choice future-proof - Coggle Diagram
Considerations to make site choice future-proof
Cost
Obvious cost (labor, machines, rent, electricity, etc.)
Potential cost
Regional political stability
Local resources (chances of water, electricity and such get disrupted)
Labor quality (e.g. are drags prevalent in the area?)
Living Cost (if providing housing)
Local living conditions (housing, food)
Cost adapting to future iterations of the product
Custom fees if need to ship internationally
Hidden cost
Transportation of material
Transportation of products
Cost of recruiting
Cost of finding customers
Cost of advertisement
Cost of retailing
Cost brought up by competitors
Attitude of locals to having your factory
Gain
Demand
Local demand over years
Type of the product (do people ever need to buy it again?)
Expected local need and trend of need
Local living style, mindset, etc.
Local income
Local consumer economy structure
Political constrains / promotes
Demand in other regions
Consider places with the most demand, build at / ship to there?
Demand for future iterations
Demand shared by competitors
Competitor locations & market advantages of their sites
Is a competitor famous already in this site?
How much market share can I take over from the competitors?
How much market share may be taken up by a competitor?