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...
by closeshoring | Jan 25, 2021 | Uncategorized
President Biden’s nominee for treasury secretary, Janet Yellen, said Thursday that the president’s “offshoring tax penalty” would incentivize U.S. companies to “create and maintain jobs at home.” The tax...
by closeshoring | Jan 21, 2021 | Uncategorized
FDI Markets found that in 2020, reshoring accounted for more job growth than foreign direct investment (FDI), with 69,000 manufacturing jobs reshored compared to 42,000 roles created through FDI. The pandemic has accelerated this trend as companies look to...
by closeshoring | Jan 18, 2021 | Uncategorized
The coronavirus crisis snarled global shipping in early 2020, as borders closed. Industry experts expected shipping to stabilize as vessels returned to position. A year after the pandemic started, the shipping crisis has become much worse. Standard container rates on...
