Earlier this year, LMA released a report, “Manufacturing & Supply Chain in the New Normal”, that includes insight from a number of industry experts and executives on current trends in logistics and supply chain management.
Where are you sourcing from currently? Don't just jump on the new bandwagon of reshoring but you should give your total cost of ownership a second look as well as dig into your customers' expectations and sourcing impacts.
What might seem impossible to us might not be! Do you tend to write off ideas before considering their full value? Perhaps we should take a page from Wisconsin's playbook and look at the big picture, think long-term and mix it up a bit.
New research explores trends in outsourcing, nearshoring, and insourcing to help manufacturers and distributors thrive.
LMA study finds 70% of US manufacturers expect near-sourcing to rise in the next 5 years due to Amazon effect, cost, & communication benefits.
There is a strategic shift towards insourcing. This is how businesses evaluate the insourcing vs outsourcing dilemma for operational excellence.
Samsung's $380 million investment in new U.S. manufacturing highlights the trend of reshoring for better customer and market alignment
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.
Nearsourcing as a strategic response to fulfill Amazon-era customer expectations efficiently
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!
