Reshoring in a Post COVID World
According to surveys in both North America and Europe, executives are not just talking about reshoring; they are taking action. Does that mean globalization is dead?
According to surveys in both North America and Europe, executives are not just talking about reshoring; they are taking action. Does that mean globalization is dead?
I was just interviewed by SAP Insights about the localization of supply chains and whether reshoring is a pipe dream or reality. Stay tuned for that article although this hot topic continues to arise as manufacturers and product-based companies realize the significant risk of having their full supply chain [...]
According to a Thomas survey about COVID-19’s impact on U.S. manufacturing and industrial production, 64% of manufacturers are likely to bring production back to North America. It has gone beyond talk to action. Clients and colleagues are seeing an increase in inquiries related to reshoring and expanding manufacturing capabilities. [...]
Are you thinking about your product supply strategy? You certainly should be! I was asked to talk on Bloomberg’s “What’d You Miss?” about reshoring since it is a hot topic in the news. I was also on a webinar with other CEOs and thought leaders recently about the Future of Manufacturing.
July 6, 2020 As supply chain has gained in prominence in the media with the increase in tariffs and the many challenges associated with coronavirus, reshoring has become of keen interest. Surveys are showing it is more than just a passing interest with executives. Instead, it is in [...]
Of course, it was very exciting to be featured on Bloomberg's 'What'd You Miss?' show! It speaks to the rising popularity of reshoring and business executives' concern about dependence on Asia, China, far away suppliers, and geopolitical and supply chain risks that Bloomberg is searching for supply chain experts [...]
I was on a panel of a webinar, The Future of Manufacturing with Andrew Zanelli, president of VCC, Michael Knight, president TTI Semiconductor Group, and Seth Denson, co-founder of GDP Advisors. It was a lot of fun, and we talked about the coronavirus, reshoring, cost leadership, innovation, and other topics. Are you interested in what the future might look like and how you can position your company and career successfully?
Companies across the nation are predicting a significant shift from offshoring to near-shoring following the COVID-19 pandemic. Will companies shift their strategies toward Mexico? How will others adapt? Specifically, what does this mean for the electronics industry going forward? Join some of the forward thinkers in the electronics [...]
Reshoring was at record levels in 2018! Manufacturers are starting to return as they see the total costs of offshoring combined with the rising costs in China and improved competitiveness of the U.S.