Localizing Your Supply Chain
As the coronavirus spread globally, it demonstrated the fragility of supply chains for many manufacturers. It was a sobering wake-up call 30 years after many companies moved their supply chains abroad to take advantage of lower costs.
A survey taken in May by the Institute for Supply Management revealed that 97% of respondents said the coronavirus impacted their supply chain and 36% suffered disruptions. Yet, 44% of respondents had no plan to overcome these disruptions.This white paper covers the benefits of localizing a supply chain to North America. Learn about significant costs to consider, potential barriers to relocation and the steps a business should take before it decides to onshore.