As manufacturers shift production away from China, can they turn to “friendly” alternatives?
Geopolitical tensions, COVID-19, rising labor costs, distance from markets: All these factors are causing global manufacturers to consider moving at least some of their production out of China. But where to go? Is “friend-shoring an option? On this episode, we weigh all the factors that go into the decision to diversify sourcing, with the help of Michael Farlekas, chief executive officer of e2open. Can companies hit that sweet spot of low cost, high quality, proximity to markets and social responsibility? And for that matter, do they even have the visibility over their supply chains that’s essential to making that determination? Finally, are they in better shape to withstand the next supply chain crisis than they were three years ago? Hosted by Bob Bowman, Editor-in-Chief of SupplyChainBrain.
A blot post from e2open: “Geo-Political Shifts and the Testy Global Trade Environment.”
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