Logistics Hotspots: Nine That Shine
OKLAHOMA CITY: SUITED FOR FUTURE GROWTHPublished: Monday, October 3, 2016 By: Chris Lewis Source: Inbound Logistics
As U.S. manufacturers and distributors continue to expand their operations, they often look for under-the-radar places—cities and areas that have either recently emerged as logistics and distribution center hubs, or are about to—as they consider the long-term effects of their developments.
Located at the intersection of I-35, I-40, and I-44, Oklahoma City is within one day's drive of the South Central region, particularly Arkansas, Louisiana, Oklahoma, and Texas, which has been developing steadily. It is also equidistant from the East and West Coasts, as all major trade hubs—along with more than 411 million residents—are located within 1,800 miles of the city.
Aside from its ideal location in the southern central United States, Oklahoma City has also been ranked as one of the nation's 10 most affordable cities by Forbes. Due to its affordability and location, the region's population will increase by nearly 45 percent over the next 25 years, projects the Greater Oklahoma City Chamber.
"Annual wages for the logistics sector currently average $46,693, which is about 7 percent higher than the overall Oklahoma City regional average wage," says Roy Williams, president and CEO of the Greater Oklahoma City Chamber. "The logistics sector also contributes more than $1.2 billion in gross regional product to the region's economy."