Over 90% of Manufacturers Shift Towards Regional Supply Chains to Enhance Resilience
The Growing Trend of Regionalization in Manufacturing
In today's rapidly changing economic climate, manufacturers are increasingly recognizing the importance of resilient supply chains. A recent report released by the World Economic Forum, in collaboration with Kearney, highlights a significant transformation in the approach to manufacturing. The report indicates that over 90% of manufacturers have turned their attention towards regionalization strategies aimed at fortifying supply chains against disruptions caused by geopolitical tensions and unforeseen events like the COVID-19 pandemic and the Suez Canal blockage.
Understanding the Shift to Regionalization
The shift towards regional supply chains signifies a departure from traditional cost-minimization strategies that have defined manufacturing for decades. Many firms are now adopting what is termed a
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