Rethinking Your Supply Chain in an Era of Protectionism
According to HBR, it’s high time for European and American companies to rethink their Supply Chain Strategies. For too long they have been concentrating on their manufacturing in East Asia to reduce costs by exploiting labor-arbitrage opportunities, but in the face of new political and economic uncertainties, they are urged to make their supply chains much more resilient. The three main reasons to rethink their strategies encompass East Asia’s shrinking cost advantage; advances in manufacturing technology; and a shift toward protectionism. This article is intended to challenge your conventional corporate wisdom and question even the most fundamental assumptions.
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