Growing sustainability and resilience concerns brought about by trade war uncertainty and the COVID-19 pandemic have companies looking for ways to mitigate risk and increase agility. To respond to the disruption, manufacturers are considering more resilient, localized supply chains. Reshoring shortens supply chains, shrinks response time, and reduces our overreliance on imports, while maintaining or improving profitability.
The automotive industry, in particular, is reaping the benefits of a local for local business model.