As U.S. manufacturers face potential import tariff increases, many are reevaluating their supply chain strategies, with nearshoring or reshoring emerging as a compelling option.
While tariffs may be the immediate catalyst, proximity to suppliers has always offered numerous advantages. However, the changing landscape, including potential tariffs on Mexican and Canadian imports, complicates decision-making. But is reshoring or nearshoring the right move for your business?
In our recent article, our CEO, Bill Remy and VP, David Pate, reveal the nuances of relocating closer to home and dig into the complexities of nearshoring/reshoring as a supply chain strategy. In this article they address:
- Tariff Motivations: How evolving U.S. trade policies may impact supply chain decisions.
- Resiliency Benefits: Why supplier proximity can help mitigate risks from geopolitical instability and natural disasters.
- True Cost Assessments: Understand the total cost of ownership (TCO) versus landed costs to make informed decisions.
- Sustainability Considerations: How nearshoring can align with your ESG priorities and reduce your carbon footprint.
- Workforce Capacity: Key factors to evaluate when shifting production closer to home.
By thoroughly assessing your supply chain and developing a strategic plan, manufacturers can make informed decisions about the right relocation strategy for your business that will balance cost, risk, and long-term operational excellence.
Complete the form to download the full article to understand key focus areas during your supply chain assessment.
