In Manufacturing Management magazine, Forterro discusses how reshoring (the practice of moving manufacturing operations closer to home) can strengthen supply chains and boost local economies.
Here's an excerpt from the article:
“Reshoring isn't just about geography, it's about reducing the expansive lead times and high transportation costs associated with global shipping. This not only enhances the efficiency of supply chains but also minimises the environmental impact associated with long-distance shipping. The ability to quickly respond to market changes and consumer demands becomes a critical competitive advantage.
Economic impacts are substantial, with reshoring supporting millions of jobs across manufacturing, logistics, and retail sectors. By channelling investments into local production, businesses are integrating themselves into their communities' economic landscapes, promoting regional development and strengthening economic stability.”
Originally published in Manufacturing Management. Read the full article here.
Alan Arthur, CEO for the owner of Reshoring UK, sheds light on why now is the time to start preparing for reshoring, how companies can overcome the barriers to reshoring, and how Reshoring UK can help.
Verity Davidge, Director of Policy for Make UK, discusses the growing significance of reshoring in the context of supply chain volatility and the challenges faced by manufacturers in the wake of economic shocks and global demand fluctuations.
With the reshoring trend gaining momentum in recent years, there is a major opportunity for manufacturers to re-establish their industrial processes closer to home. Discover five factors that might be preventing you from tapping into reshoring and how you can overcome them.
