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Assess Costs Everywhere: Firms Can Trip Up By Forgetting About Travel Costs

The Department of Commerce’s recently released Assess Costs Everywhere (ACE) tool helps firms understand the total costs and risks associated with deciding where to locate their operations or supply chains. These costs range from labor and shipping to product quality to regulatory compliance. We will explore travel costs in this blog.

Assess Costs Everywhere: Today’s Cheap Labor May Be More Costly Tomorrow

The Department of Commerce recently introduced the Assess Costs Everywhere tool, which outlines the costs and risks firms need to weigh when considering location of manufacturing operations and supply chains. Labor is at the top of the list. Indeed, businesses cite labor costs as a top factor driving production-location decisions. While perceptions of less expensive labor abroad may have led some businesses to locate outside the U.S., some companies have found that expected savings from foreign labor have whittled away over time in numerous and unexpected ways.

Where can I find that? ESA Shows How to Use Its Agencies’ Local and Regional Data for Economic Planning

When disaster strikes an American community, local and regional planners focus on saving lives and property, but once the winds stop or the waters recede, the process of assessing the damage and economic impacts begins. Developing an accurate economic and demographic baseline is a key early step in this process, as it gives planners the starting point from which to assess the damage and plan the recovery.

Economic Indicator: Diminishing Housing Inventory a Sign of Recovering Market

Yesterday, the U.S. Census Bureau released data on new housing starts and building permits. Inventory is an important component of the construction data and recently, as the market has been recovering and completed homes have been selling relatively fast, the aggregate new housing inventory has been declining to some of the lowest levels on record.

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