29 Dec '16, 3am

New Thinking, and Making the Case for #Reshoring

American politics and the recent election cycle focused a bright light onto companies that produce their products overseas. With that scrutiny came some perspective as many companies have begun to learn the hard way that the low unit price of doing business overseas isn’t worth the time and aggravation it may cost them in the long run. Business practices that worked in the 70s and 80s are now obsolete as the landscape has changed. Many companies are realizing that those saved pennies per piece result in higher unit costs when the overall price of production is examined. For that reason, companies are exploring the practice of reshoring – bringing production and manufacturing back to the United States. There are many advantages to reshoring, and a closer examination of the end-to-end production process can make it not only a smart decision, but a profitable one as well. A b...

Full article: https://www.pddnet.com/news/2016/12/new-thinking-and-maki...

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