by closeshoring | Feb 8, 2021 | Uncategorized
According to the FDA, at least 72% of drugs used in the USA are manufactured abroad. As demonstrated by recent negative consequences resulting from the COVID-19 pandemic, the risks of offshoring likely surpass the benefits. Moreover, other supply chain issues,...
by closeshoring | Feb 6, 2021 | Uncategorized
The trend of reshoring manufacturing from distant international locations back to North America can be accelerated by use of digital tools that are easy-to-use, quick, and cybersecure, to identify resources, automate manufacturing, locate supply chain ecosystems,...
by closeshoring | Jan 31, 2021 | Uncategorized
A recent PricewaterhouseCoopers report anticipated that companies would have to address the implications of their supply chains in regions affected by the coronavirus. In addition to localizing and digitizing supply chains, companies might have to secure redundant...
by closeshoring | Jan 30, 2021 | Uncategorized
Unprecedented demand exists for semiconductor chips, fueled by 5G smartphones, modern vehicles, next-generation video game consoles, cloud computing and artificial intelligence systems. Geopolitical risks and rivalries involving China and Taiwan threaten Taiwan’s...
by closeshoring | Jan 28, 2021 | Uncategorized
The COVID-19 pandemic exposed risks of offshoring the manufacturing of personal protective equipment (PPE). In an effort to return production of PPE back to North America, the National Council of Textile Organizations (NCTO) has launched a new initiative...
