Perhaps the biggest takeaway from the past couple of years was recognizing how simultaneous events—wars, pandemics, natural disasters—can have significant global implications.
For manufacturers, these “compounded extremes” have provided incentive for better planning. They have also sparked a call to strengthen the domestic supply chain, especially for crucial products like medical devices and semiconductors. Many manufacturers are opting to reshore production—to bring manufacturing and services back to the United States from overseas.