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....
by closeshoring | Oct 3, 2020 | Uncategorized
Bank of America found in a recent survey that companies have experienced supply chain disruptions in over 80% of their global operational sectors during the pandemic, prompting 75% of these companies to place very high priority...
by closeshoring | Sep 30, 2020 | Uncategorized
Tesla outlined various new supply chain strategies during its recent Battery Day event, including plans to build its own battery cathode manufacturing plant in North America, with company executive Andrew Baglino citing the potential for savings and environmental...
by closeshoring | Sep 30, 2020 | Uncategorized
A clear trend, primarily driven by the pandemic, is emerging whereby supply chains are becoming shorter and more localized. This “closeshoring” dynamic involves moving production from overseas to North America. The trend also involves creating many smaller,...
