Supply Chain Woes Leading
Manufacturers to "Bring It On Home"
A Thomas.net survey of 1,000 manufacturing
and industrial suppliers revealed that nearly two-thirds of them are likely to bring production and sourcing back home. While 'reshoring has been ongoing more than several years, the COVID-19 pandemic has accelerated it from 10% to 64%. Nudging those statistics are high shipping and logistics costs associated with offshoring - especially with companies with supply chains relying on China.
the BISNOW article
Push For Supply Chain Resilience, Reshoring Likely To Boost Industrial CRE
Dean Boerner, Bisnow - 5/12/2020