The shift towards more resilient supply chains may indicate a move away from the 'just-in-time' model, which could have significant implications for global trade and manufacturing. This change suggests companies are prioritizing adaptability and visibility over cost and speed, which could lead to more complex supply chains.
Companies Rethink Global Manufacturing Amid Disruptions
The recent supply chain disruptions have prompted companies to reevaluate their global manufacturing strategies, with a growing focus on resilience and adaptability. According to research, businesses are adopting more diversified and regionalised models, with a greater emphasis on localised production. This shift is driven by the need to mitigate risks and respond to changing demand, as reported by the Financial Times.
The shift towards more resilient supply chains may indicate a move away from the 'just-in-time' model, which could have significant implications for global trade and manufacturing. This change suggests companies are prioritizing adaptability and visibility over cost and speed, which could lead to more complex supply chains.
Companies Rethink Global Manufacturing Amid Disruptions
The recent supply chain disruptions have prompted companies to reevaluate their global manufacturing strategies, with a growing focus on resilience and adaptability. According to research, businesses are adopting more diversified and regionalised models, with a greater emphasis on localised production. This shift is driven by the need to mitigate risks and respond to changing demand, as reported by the Financial Times.