A cost analysis should consider the differences between labour costs, electricity, land and real estate as a starting point. Individually and collectively, these can vary greatly, and influence a final decision.
Taxes can be the biggest challenges and opportunities and differ greatly between countries and markets, and in some instances, down to provincial level.
A strategic location choice should consider the impact trade agreements like Mercosur, CETA, USCMA and the Buy America Act will have on your value chain.
Knowing your preferred labour profile and building this into your location search guarantees start-up will be supported by staff with the necessary skills.