SCLCI's Early Editions: "Why Worry? Is Re-shoring an Opportunity or a Risk."
Review the differences of 'friend-shoring', 'near-shoring', and 'off-shoring'. Discover the drivers behind their international appeal and explore incentives or risk in each approach. A Free TCO Tool.
Why Worry? Consider re-shoring.
When business leaders think about re-shoring they immediately think of costs. Higher costs are the top concern from near-shoring or even “friend shoring” activities by North American manufacturers. This worry stems from a perceived negative trade-off where business owners must become resigned to the idea they will pay more for labour and in higher taxes than for the same production if completed overseas.
Although this is true, there are unexplored benefits and new incentives at play that significantly change the economic variables for manufacturers making investment decisions. That, and the cost of disruption is rapidly increasing at a global scale where negative factors are impacting world wide logistics and decreasing the predictability of supply and placing business continuity at risk.
It is important that business leaders understand the meaning and the connections between re-shoring incentives that are being offered by governments to make an educated decision about investment.
Get to Know the Risks & Rewards.
Review the differences of 'friend-shoring', 'near-shoring', and 'off-shoring'. Discover the drivers behind their international appeal and explore incentives or risk in each approach. A Free TCO Tool.