Whether a processor is moving on, moving up or moving out, choosing a new home for a plant must involve the consideration of several factors, such as utilities and water costs, access to transportation, labor availability, incentives and sustainability issues.
The Water Risk Monetizer, a publicly available financial modeling tool, has just been released with a new revenue-at-risk assessment program. The web-based tool, co-produced by Ecolab and Trucost with aid from their partner, World Resources Institute (WRI), was first introduced in November 2014 to help manufacturers and all water users get a truer picture of their water risks—present and future.
Whether you’re a small, medium or large food and beverage manufacturer, taking the plunge and opening a new plant in a foreign country is a huge decision, often fraught with risks you may have never envisioned. But there are alternatives, and finding the one that makes sense for your operation can help propel your products into the global marketplace.