Reshoring is the process of returning domestic product manufacturing from a foreign country back to the home country of where the business’s products are sold. To get a stronger grasp on reshoring, it is important to first start with understanding the difference between shoring and sourcing.
Do you have systems and measurements in place to monitor your manufacturing cost components? Costs in offshore locations have dramatically increased over the last five years. In an earlier Blog, “5 things to consider when Reshoring”, we identified cost increases…
How do you know if the time is right to consider reshoring some of your manufacturing? Offshoring manufacturing today is hardly the economic slam-dunk that it may have appeared to be 5 or 10 years ago. Today, you need to…