You can help your customers decide to reshore more. If you hear they are thinking of shifting manufacturing or sourcing out of another country (e.g., China) and back to the U.S., you can offer our free tools to help them do the analysis.
Recent trade disruptions are motivating many companies to reevaluate their offshoring decisions and consider localization (reshoring or nearshoring). The longer-term trend is driven by rapidly rising Chinese wages and by companies realizing that producing in or near the market has balance sheet, risk, strategic and ESG (Environmental, Social and Governance) benefits that often outweigh higher wage rates and manufacturing costs.
Takeaways include:
Recent trade disruptions are motivating many companies to reevaluate their offshoring decisions and consider localization (reshoring or nearshoring). The longer-term trend is driven by rapidly rising Chinese wages and by companies realizing that producing in or near the market has balance sheet, risk, strategic and ESG (Environmental, Social and Governance) benefits that often outweigh higher wage rates and manufacturing costs.
Takeaways include:
- How to incorporate a supply-chain strategy
- How to use Total Cost of Ownership (TCO) to identify components/products likely for reshoring
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