In a March survey by the Institute of Supply Management, 80% of respondents said the coronavirus impacted their supply chain and 36% dealt with disruptions. Yet, 44% of respondents had no plan to overcome these disruptions. With businesses looking to increase resilience and traceability in their supply chain, many are considering moving pieces to local regions. After relying on foreign supply for the last several decades, the transition to onshoring supply requires a hard look at the associated benefits and challenges.
In this webinar, we’ll discuss the pros and cons of a U.S.-based supply chain, as well as the most important areas to evaluate when running a cost-benefit analysis to help weigh the decision to onshore supply, including:
- Lower transportation costs;
- Greater control and transparency;
- Labor and production costs (U.S. and Canada);
- Scalability; and
- Capital costs.