Rebuilding the Supply Chain: Investigating Reshoring
Manufacturing guru W. Edwards Deming warned against awarding business based on piece price, and now COVID-19 has shown us the consequences via extended, fragile supply chains that have been unable to adapt in times of stress. Reshoring and near-shoring provide a solution. A non-profit organization called the Reshoring Initiative has dedicated itself to bringing manufacturing back home. Founded and managed by a manufacturing industry executive, the Reshoring Initiative helps companies accurately compare the Total Cost of Ownership between manufacturing locations so that they can make more informed sourcing decisions. Visit IMTS.com/SupplyChain to learn more!