A.T. Kearney’s Reshoring Index highlights a shift in sentiment. Thanks to the pandemic, trade wars, tariffs and supply chain snafus, American companies are getting serious about reshoring.
Companies are now pursuing best cost instead of lowest cost and weigh cost against factors such as supply chain resiliency and sustainability. And more companies are assessing if there will be enough critical mass in the reshoring movement to build a supplier network, either domestically or in a nearshore location, to rival what China has built. In the survey, 79% of executives with manufacturing operations in China have already moved part of their operations to the U.S. or plan to do so in the next three years.
If you want to reshore or improve your supply chain, MOSIMTEC simulation modeling can help. Shine a light on the status quo. Explore new sources, ways to increase manufacturing/supplier capacity or reduce shipping cost/delays, and options to improve processes with ports and transporters. Assess multiple options virtually in a sandbox environment to raise production/inventory, cut cost, enhance fluidity, reduce risk or meet other goals. Supply chain success is key to survive and thrive. MOSIMTEC can help you future-proof your supply chain.
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Find more: https://www.kearney.com/operations-performance-transformation/us-reshoring-index