If there is anything companies have learned from the COVID-19 crisis it’s that risk reduction in supply chains is critical. Now more than ever, supply chains are being subjected to rigorous risk analysis. As the cost and risk continue to rise for U.S. manufacturers with operations in China and other parts of Asia, labor saving technology has accelerated to further improve the economics of reshoring. Advances in technologies like robotics, unattended machining, additive manufacturing, machine vision and artificial intelligence have allowed North American manufactures to enhance safety and boost productivity. These advances have afforded cost reductions for manufacturers without the risk and problems inherent in offshore manufacturing.
The Economics of Reshoring Favor North America
by closeshoring | Dec 2, 2020 | Uncategorized | 0 comments