Companies are now revisiting their supply chains to focus on efficiency without sacrificing resilience amidst cost and margin pressures. This shift, as noted by Deloitte's report, is influenced by COVID-19, geopolitical tensions, and natural disasters. Strategies include moving operations closer to consumers, expanding in the United States, and leveraging trade partners. Key tactics also involve workforce balancing, dual or multi-sourcing, and adopting advanced technologies for supply chain optimization. Mexico's rise as a leading US trade partner highlights these changing dynamics, while government incentives in the US further encourage restructuring for better margin control and resilience.
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Original Source: Industry Today
