The coronavirus pandemic has many manufacturers rethinking their supply chains. After enjoying years of cost-savings from offshore operations and practices such as just-in-time inventory, manufacturers are seeing their previously smooth-running production and transportation operations grind to a halt. The mounting expense of stalled operations has spurred manufacturers to move quickly to reshore or localize production functions, including heat treatment. Companies recognize that the risks and strategic impacts associated with offshore manufacturing simply outweigh the shrinking wage advantages found in emerging markets.
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Reducing Pandemic Impact on Supply Chains by Reshoring Heat Treating
The coronavirus pandemic has many manufacturers rethinking their supply chains. After enjoying years of cost-savings from offshore operations and practices such as just-in-time inventory, manufacturers are seeing their previously smooth-running production and transportation operations grind to a halt. The mounting expense of stalled operations has spurred manufacturers to move quickly to reshore or localize production functions, including heat treatment. Companies recognize that the risks and strategic impacts associated with offshore manufacturing simply outweigh the shrinking wage advantages found in emerging markets.
You’ll find helpful discussions about:
Request Free! |