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Are manufacturers engaged in a mass exodus from China? And if so, where are they going?
The end of U.S. manufacturers’ love of offshoring production to China has long been in the wind. Even before COVID-19 struck, and the U.S.-China trade war began heating up, there were concerns about rising Chinese labor costs. And U.S. importers were becoming more aware of the financial burden of producing goods thousands of miles from end markets. So are they, in fact, fleeing China? Or is the truth more nuanced? On this episode, we separate fact from fiction with the help of Tom Goldsby, Dee and Jimmy Haslam Chair of Logistics at the Haslam College of Business at the University of Tennessee. We’ll learn how companies are adopting alternative sourcing strategies, and who’s benefiting from the shift. Turns out that, in some cases, it’s the Chinese, who are looking to take advantage of duty-free treatment under the U.S.-Mexico-Canada Agreement. Fact or fiction? It’s complicated. Hosted by Bob Bowman, Editor-in-Chief of SupplyChainBrain.
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