Around half of US moving businesses expect relocation volume and budgets to rise during 2023, according to Atlas Van Lines’ 56th Corporate Relocation Survey.
The annual report of small, medium, and large companies found that 68 per cent of companies saw an increase in the number of employees relocated in 2022, up seven points on the previous year; 64 per cent of companies say relocation budget allocation rose (up six points); and 51 per cent of companies reported an increase in international relocations (up two points).
Just over a third of businesses (34 per cent) cite economic conditions as the most significant external factor affecting trade, a decrease from 41 per cent in 2021.
Recruitment continues to be an issue for many companies, with 27 per cent reporting they have had difficulty finding qualified employees locally, down slightly from 31 per cent last year.
Some 25 per cent of companies said they are dealing with increases in supply chain and logistics constraints, a doubling of 2021’s percentage, while 26 per cent of companies said political and regulatory changes have also impacted on relocation.
Full results of the Atlas Van Lines Corporate Relocation Survey can be found on the company website.