If nearshoring and regional strategies are to work properly, companies need to have resilient and flexible supply chains, says Matt Schroeder, president of WSI/Kase.
In decades past, manufacturers fled the U.S. for Asia in search of lower production expense. But sourcing decisions today are a lot more complicated than that.
The alarming conclusion is that scientists and government planners have relied on mistaken research assumptions on how high coastal waters already are.
The two leaders also agreed to expand cooperation in new areas of growth, such as shipbuilding, nuclear power, supply chain and artificial intelligence.
After years of reacting to disruption, leaders are shifting their focus away from reinvention, and back toward discipline and accountability in how work gets done.
Do not ignore the potential for your business to leverage upside as a consequence of an otherwise difficult geopolitical event, warns Gartner's David Gonzalez.