Food Manufacturing Hubs Boost Profits, Reshape Regional Economies
The article explores how industries benefit from being close to each other, known as agglomeration effects. These benefits come from sharing resources and ideas, which can lower costs and boost productivity. The researchers studied the food manufacturing industry in the US and found that being near suppliers and customers can lead to cost savings and help companies decide where to locate. This shows that where a business is located can have a big impact on its success.