One of the strategies to better plan for the future so you aren't caught up in what appears to be a never-ending supply chain debacle is to reevaluate your manufacturing and supply chain footprint. Should you re-shore? Near-shore? Partner with suppliers in the region?
Lisa Anderson is interviewed by Bloomberg on reshoring and near-shoring and whether these strategies will benefit the consumer, the potential cost differential from Asia and whether it is narrowing, how quickly reshoring can occur and if these strategies can help with the supply chain disruptions.
CLAREMONT, CALIFORNIA – November 9, 2021 – Manufacturing and Supply Chain Expert Lisa Anderson, MBA, CSCP, CLTD, President of LMA Consulting Group Inc., sees a non-stop resurgence of manufacturing for the near- and long-term due to the impact of re-shoring and near-shoring. [...]
There will a resounding resurgence of manufacturing near-term. According to a new report from The Reshoring Initiative®, reshoring broke records in 2020 and exceeded foreign direct investment (FDI) for the first time since 2013. Not only did it beat FDI, but it beat it by nearly 100%! Also, according to the National Association of Manufacturers (NAM) [...]
Lisa Anderson interviews Michele Nash-Hoff. Listen as they talk about reshoring and the resurgence of manufacturing.
According to a survey by FTI Consulting, 78% of survey respondents said they'd be willing to pay more for the products if the company that made them moved production out of China. Certainly, it depends on how much more, but we've seen a transition in the commentary of the value of reshoring. [...]
Procter & Gamble, the maker of Charmin toilet paper, was prepared for thousands of scenarios – including earthquakes, fires, and cybersecurity attacks – but not for a disruption greater in magnitude than all three combined: a global pandemic. As COVID-19 spread throughout the United States in March, panicked shoppers snapped up [...]
In thinking about the surge to local for an interview for an SAP Insights article "For Resilient Supply Chains, Think Local", there is no doubt the pandemic has pushed manufacturers to re-think their extended supply chains. When they suddenly couldn't support key customer needs, manufacturers [...]
Made in China or made in the U.S.A.? There is a lot of talk about this critical, hot topic. Said another way, will reshoring increase? According to executive surveys, according to clients, according to top supply chain consultants, the answer is undoubtedly trending to MADE IN THE U.S.A. A [...]
I participate with a group of the top 1% of consultants worldwide (the Society for the Advancement of Consulting), and we hosted two panel discussions on Reshoring in a Post COVID World. I moderated the first session with consultants from North America and the Pacific Rim, and there was another [...]
