Successful manufacturers are re-evaluating their outsourcing/ insourcing/ near-sourcing options. To remain competitive and have any hope of staying ahead of the curve, they are knee-deep in considering the options.
According to Industry Week and the Reshoring Initiative, after two decades of job losses, we have turned the corner. If you are interested in taking advantage of this rare opportunity, you must be prepared!
A recently released study by Manufacturing and Supply Chain Expert, Lisa Anderson, MBA, CSCP, CLTD, president of LMA Consulting Group Inc., indicates that 70% of US manufacturing executives expect near-sourcing to increase within the next five years.
Manufacturers considering insourcing to the U.S. and near-sourcing options to Mexico and other closely located countries because of the Amazon effect -- the need for rapid response to customer needs.