Spreading Logistics & Manufacturing Assets Across Multiple Regions
While it has been popular for American companies to manufacture goods overseas for many years, COVID-19 laid bare the flaws in this supply chain model. The savings offered by outsourcing to China and other distant countries paled in comparison to the losses incurred when a global pandemic put thousands of miles and an ocean between many U.S. businesses and their primary suppliers. A report from McKinsey showed that 73 percent of supply chain leaders faced disruption in production and distribution due to coronavirus. With this ... Read More