Western firms looking to build greater resilience into their supply chains in Asia in the wake of the pandemic could face reputational nightmares unless they undertake thorough risk assessments when looking to diversify their sources of products and raw materials…
2020 will be remembered as the year of the pandemic. But it was also a year of reckoning for globalization writ large, and, in particular, the mechanisms of a highly interdependent and integrated global economy. Long heralded as a strength…
The past year-plus has seen a lot of ups and downs for companies at all stages of the supply chain, and many are only now beginning to get back to normal operations after months of adapting to pandemic norms. However,…
Despite the impact of COVID-19 in 2020, the global plastics industry is expected to rebound in 2021 due to the resumption of activities in its major end markets in line with progressive containment of the pandemic, a new report forecasts.…
When the pandemic spread around the world in early 2020, trade in goods shrunk at the fastest pace on record, only to reverse course mid-year and surpass its pre-pandemic level before year-end. The logistics industry was in the eye of the storm as the pandemic snarled…
The Homeland Security & Governmental Affairs Committee of the US Senate has passed the bipartisan legislation that will strengthen efforts to onshore production of personal protective equipment (PPE) in the US by requiring federal agencies to issue long-term contracts for…
![Preparing For The Business Bounce Back [Q&A]](https://reshoringinstitute.org/wp-content/uploads/2021/05/750px-1.png)
We’ve been waiting for this moment for more than a year — the highly anticipated economic bounce back. That time when we finally see one of those dramatic recovery curves representing an end to the buying and selling challenges the…
Global manufacturing and supply chains were severely disrupted by the COVID-19 global pandemic, forcing companies to adapt and plan for a new business reality. The 2021 State of Manufacturing Report from Fictiv reveals an industry that is quickly rebounding with investments in…
With sustainability spurring innovation, the market is estimated to reach $558.71 billion in 2021, up from $533.04 billion in 2020, with a CAGR of 4.8% SANTA CLARA, Calif., May 18, 2021 /CNW/ -- Frost & Sullivan's recent analysis, Industry Convergence to Transform the Global Plastics and…
n the wee hours of Easter morning 2020 — as the pandemic raged and most people were sleeping — there was a quiet but important handoff happening in Ohio. About 2 a.m. a group of about 20 companies turned over…
After decades of offshoring manufacturing to save on labour, the vulnerabilities of relying on overseas production have become increasingly clear. Along with a rise in cyberattacks and ongoing trade wars, Canadian manufacturers have also seen how even slight disruptions can…
Joe Biden and Donald Trump agree on at least one thing: Buy American. The slogan was a centerpiece of Biden's recent address to Congress, backed up with one of his first executive orders. Why it matters: Federal law has placed a heavy thumb on…
Last week I had an opportunity to visit the new US-Mexico commercial border crossing at Otay Mesa, CA – about 20 miles east of the San Diego/Tijuana border crossing. The Otay Mesa crossing was built for trucks and rail crossings…
The COVID-19 pandemic has brought the global interdependency of pharmaceutical supply chains into sharp focus, exposing weak links & re-igniting discussions around the value of reshoring production. The U.S. FDA reports 72% of facilities manufacturing APIs for American drugs are…
![Projecting The “What Ifs” Of Supply Chain Management [Q&A]](https://reshoringinstitute.org/wp-content/uploads/2021/05/750px.png)
Visibility. Traceability. Data management. Supplier relations. These used to be the biggest challenges facing supply chain professionals. However, over the last 15 months, uncontrollable factors like COVID-19 have merged with technological evolutions to create a number of new supply chain…
American manufacturing lost ground to low-cost Asian countries in 2020, according to consulting firm Kearney’s annual reshoring index report. The index tracks whether the US is reshoring manufacturing jobs from China and other low-cost countries in Asia. Hit by Covid…
A group of former parliamentarians are forming a new non-partisan advocacy organization called Reshoring Canada, which is designed to promote a more modern and secure supply chain. “The pandemic has exposed risk in our supply chains, a place where we…
The majority of Americans want to "bring manufacturing back" to the U.S. The problem? Many of these same people do not want their children to work in manufacturing because of outdated beliefs about what a machine shop looks like. …
The current national controversy over the need for a mandatory high minimum wage is but a symptom of a much larger underlying problem: the offshoring of American manufacturing capability. Offshoring ruined Spain and Portugal during the 16th century, and it…
Despite popular belief, or what people might think, the Covid pandemic was not the biggest source of disruption for supply chains in 2020, according to the latest Annual Supply Chain Risk Report released this week by supply chain data monitoring, mitigation and…