Tuesday, August 25, 2020
Onshoring is top of mind for business executives who have watched their supply chains be disrupted and product deliveries delayed to COVID-19. For four decades, companies have offshored manufacturing operations overseas in order to save costs. COVID-19 has forced companies to ask, “At what cost?” If the cost is an inability to supply customers and fulfil contracts it may not be worth it. With 60% of U.S. manufacturing companies surveyed by Thomas reporting COVID-19 business disruptions, this is a widespread issue impacting virtually all industries.
Onshoring is the logical solution to reducing the risk of future disruptions and delays, at leas...
