by closeshoring | Oct 25, 2020 | Uncategorized
Wharton professor Morris Cohen is a leading researcher on reshoring trends involving manufacturing. After decades of offshoring, multinational companies are starting to bring some of their manufacturing and technology operations back to North America. This trend is...
by closeshoring | Oct 20, 2020 | Uncategorized
The pharmaceutical industry has embraced a global supply chain model for decades, seeking cost advantages made available by offshore manufacturing of and access to active pharmaceutical ingredients (APIs), particularly in Asia. However, supply chain disruptions caused...
by closeshoring | Oct 19, 2020 | Uncategorized
The United States is heavily dependent on foreign sources for many of the critical mineral commodities necessary for America’s economy and security. The US is 100% dependant on foreign sources for 1/3 of the 35 minerals deemed critical by the Department of the...
by closeshoring | Oct 16, 2020 | Uncategorized
Tony Uphoff, President and CEO of product sourcing platform Thomasnet, indicates that pandemic-induced reshoring of US manufacturing “is the single biggest opportunity U.S. manufacturers have seen in 70 years.” According to Uphoff, “scores of...
by closeshoring | Oct 12, 2020 | Uncategorized
The pandemic has exposed risks of relying on distant global supply chains. This fallout has resulted in many companies either considering reshoring to bring their supply chains closer to their home market, or building more diversified, multi-regional supply networks....
