Onshoring and Sustainability Will Guide the Future of Supply Chains

Enterprises have been eager to cut costs amid the COVID-19 pandemic, which has reduced consumer spending, limited retailer occupancy and forced virtually every business to rethink their 2020 strategy. It has been a particularly difficult period for supply chains and the global networks that support them. This has inspired business leaders to look for solutions, but has one of them been hiding in plain sight all along?

Onshoring, the practice of bringing offshored operations back home to their original country, could increase in frequency following both the U.S.-China trade war and the ongoing pandemic. Businesses have been re-examining their supply chains and have come to realize that their logistics networks may not be as resilient as they once thought. They are also looking to improve their margins, which have been reduced by the economic challenges of the current climate.

Click here to read full article from Supply Chain Management Review.