The state’s central location is attractive for companies seeking to trim transportation costs and speed up delivery times. Can its momentum continue in 2023?
When Urban Outfitters’ parent company announced plans for a new fulfillment center in Missouri last month, Gov. Mike Parson highlighted the advantage geography plays in the state’s pursuit of new business developments.
“Missouri is a strategic choice for companies like [URBN brand] Nuuly that are searching for a location in the middle of America for their expansion projects,” Parson said in a statement.
In recent years, the state has become a prevalent link in more companies’ supply chains due to its central location, mix of incentives and healthy labor supply. And even though warehouse rents have reached unseen heights in recent years, that’s unlikely to spook off businesses any time soon.
