In the wake of the coronavirus pandemic and rising overseas production costs, many American companies are thinking about returning at least some manufacturing to the United States. But XStream Trucking Inc. has wasted no time in doing just that.
An appetite for reshoring and onshoring may be growing due to the coronavirus pandemic, with more than two-thirds of North American manufacturers looking to bring production back home.
These are the necessary steps toward developing a research-and-development partnership among the private sector, government and academia to wrest control of the REE supply chain from China.
As global trade enters the second half of 2020, it’s becoming evident that the pandemic hasn’t redrawn the maps of sourcing as predicted — but rather has accelerated a number of pre-existing trends.
Logistics procurement is becoming increasingly sophisticated, and companies are looking for bids and proposals that go beyond addressing mandatory criteria.
Selling across borders means you can reach new customers in bigger and faster-growing markets. Yet businesses can become intimidated by the operational complexities of selling internationally, especially when it comes to delivery and returns.