Covid is Fading, But Reshoring Isn’t
This article from Forbes by Jim Vinoski on January 26, 2024, discusses the continuing trend of reshoring among U.S. manufacturers, driven by past supply chain disruptions and geopolitical unrest. A significant majority, 69% of U.S. manufacturers surveyed, have started reshoring their supply chains, with 94% finding success. High-profile examples like Apple moving production away from China underscore a broader shift towards diversifying supply sources and bringing manufacturing closer to home. This movement is supported by tools like the Total Cost of Ownership (TCO) Estimator, helping businesses analyze the financial viability…read more