Recently, SYSPRO did something few ERP vendors do: original research. Some of their pandemic-impact results aren't surprising but some (like in manufacturing) are definitely impactful. The company also announced a new cloud version of their solution, too. Here's the update and…
Written by George Y. Gonzalez and Jesus Alcocer, Haynes and Boone The COVID-19 pandemic has exposed the weaknesses of supply chains on which nearly half of the population relies on for life-saving medication. Countries have enforced restrictions on the flow of…
Tariffs and supply chain disruption from COVID-19 prompted many businesses to consider bringing their supply chains back to North America, which is good news for American manufacturers. U.S. companies rushed to offshore manufacturing activities to low-cost labor hubs like China…
In recent years, geopolitical and economic trends have been encouraging pharmaceutical drug manufacturers to shift their active pharmaceutical ingredient (API) sourcing and physical manufacturing plants onto domestic soil or near-shore locations. This has been a gradually turning tide that accelerated…
![30% Of Manufacturing Companies Plan To Increase Localization Within 6 Months [Report]](https://reshoringinstitute.org/wp-content/uploads/2020/11/750px-2.png)
Ever since the ongoing COVID-19 pandemic began to shut down factories and disrupt supply chain operations throughout North America and Europe beginning in March of this year, reshoring has been one of the hottest topics in manufacturing. While there was…
NILES, Ohio – Faults in the international supply weaknesses exposed by the coronavirus pandemic could lead reshoring by U.S. companies, a First National Bank economist said Thursday. At the Youngstown/Warren Regional Chamber’s Economic Forecast Breakfast, Ahmed El Nokali said the…
Rosemary Coates, executive director of The Reshoring Institute, explains why the coronavirus pandemic might finally be the crisis that drives manufacturers to shift production from China back to the U.S. The progress of reshoring in recent years has been “a slow…
Our work helping companies reshore manufacturing has increased significantly since the beginning of the trade wars, and now the pandemic. Reshoring is a hot topic in business, discussed in C-level staff meetings and Board meetings throughout America. Reshoring often involves…
![Why Your Corporate Values Are More Important Than Ever [Confessions Of An Industry Millennial]](https://reshoringinstitute.org/wp-content/uploads/2020/11/750px.png)
Confessions of an Industry Millennial As young professionals in a new era of evolving technology and changing practices, millennials are facing challenges that their predecessors never encountered – from establishing a data security plan to preparing for jobs that don't…
In 2015, I started my high-tech trucking panel company in a garage. I was still in graduate school, getting my MBA from Stanford University, and money was tight. We began making prototypes of our concept: panels that would automatically deploy…
The ISM’s indexes for new orders, production, backlog of orders, employment, supplier deliveries, inventories, prices, export and imports all rose compared to their September levels. The new orders index rose 7.7 points to 67.9%, the production index grew 2 points…
Supply Chain Strategy Trends: COVID-19 is Prompting Executives to Reconsider Resilience “Resiliency” of U.S. Consumers is Good News for Today’s Supply Chain Managers ISM reports October manufacturing out output hits highest level in more than a year October manufacturing output…
From adapting quickly to meet changing market demands, to acting decisively to protect your employees, managing a successful business today means being comfortable with change, uncertainty and ambiguity. For many business owners and managers, their word of 2020 is likely…
The case has never been more vital for new policy that supports a robust manufacturing sector. Though offshore manufacturing, and the low prices that result from it, has been good for consumers, globalization has contributed to the decimation of jobs…
This week’s Thomas Index Report is sponsored by Econo-Pak, an FDA and USDA approved, SQF certified contract packaging services provider. Welcome to the Thomas Index Report for the week of November 2nd. As a quick reminder before we start today’s Index…
In recent months, we’ve watched the world come to a standstill, forcing individuals and businesses to hit pause as the COVID-19 pandemic touches every corner of the economy. Reliance on the global market has forced international trade teams to evaluate…
Companies are rethinking their preferred “shoring” prefix. For years, “offshoring” meant minimizing costs and maximizing profit. Then trade tensions and tariffs heightened supply chain anxieties—which were in turn exacerbated by pandemic disruptions. Combined, those factors have prompted U.S.…
The supply chain is the backbone of modern business, and it faces some unprecedented changes these days. Supply chain managers have faced an unusually extreme set of challenges amid Covid-19. These difficulties will transform the industry as the pandemic continues…
It may not be a ‘flood’ at the moment, but reshoring activity was already a ‘trickle’ prior to 2020 and the global disruption caused as a result of the COVID-19 pandemic has only served to heighten interest in the concept.…
Offshoring has been a staple of the manufacturing industry for decades, but trends have been changing. Over the past few years, reshoring — bringing jobs and processes back to America — has grown steadily. This effort impacts manufacturing as well…