Shanton Wilcox, US manufacturing lead at PA Consulting, is quoted in Supply Management discussing reshoring and key procurement trends to watch in 2021.
The article notes that the ongoing coronavirus pandemic and the end of the Brexit transition period are set to continue to impact supply chains. As a result, managing risk and resilience will continue to be just as important in the upcoming year.
Shanton said: "A longer-term trend to watch is reshoring. There are several reasons companies are considering this strategic move, ranging from global tariff instability, regional disruptions to political assurance of continuity of supply. The degree of reshoring will vary widely by industry and its exposure to these risks, and therefore the benefits to be gained from redefining global operations networks.”
Unlock value from your supply chain