Current conditions are propelling a global supply chain shift. Tariffs, the COVID-19 pandemic and sustainability concerns are driving this change. It’s a welcome trend. The Reshoring Initiative has been helping manufacturers reshore production through total cost of ownership (TCO) analysis since 2010.
As manufacturers consider more resilient, localized supply chains, they will need to optimize their own operations, as well. Automation, process innovation and part redesign will help make U.S. manufacturers more competitive. Optimizing production will further close the cost gap by making U.S. manufacturing cheaper and more efficient.