Nearshoring and Reshoring Strategies: Bringing Production Closer to Market
Strategic Operations Team
Published on 2024-08-25
Evaluate nearshoring and reshoring opportunities to reduce supply chain risks while maintaining cost competitiveness.
Nearshoring and reshoring strategies are gaining popularity as companies seek to reduce supply chain risks, improve responsiveness, and support domestic manufacturing.
Cost-Benefit Analysis Framework
Comprehensive analysis methods for evaluating the total cost of nearshoring and reshoring initiatives beyond simple labor cost comparisons.
Risk Mitigation Benefits
Understanding how shorter supply chains reduce risks related to transportation, geopolitics, and supply chain disruptions.
Technology and Automation Enablers
How advanced manufacturing technologies are making nearshoring and reshoring economically viable alternatives.
Implementation Planning and Execution
Strategic planning approaches for successfully transitioning production from offshore to nearshore or domestic locations.
