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Why Companies Are Rerouting Their Supply Chains
Ensuring supply continuity for customers and mitigating trade volatility are key reasons for shifting supply locations.
Over the next three years, 45% of US companies expect to shift more of their global supply chains closer to home, mainly for supply continuity and closer proximity to customers, according to a recent survey of 200 companies by Bain & Company and the Digital Supply Chain Institute. US sectors, including electronics, toys, footwear and apparel, depend on China and Far East Asia for imports worth $680 billion.
First published in octubre 2020