Management of supply chains is an integral aspect of every business, and is now even more important in light of COVID-19’s pandemic. The outbreak exposed the weaknesses of supply chains around the world and the need for an agile and flexible infrastructure in place. Businesses are currently looking into ways to increase their supply chain’s flexibility, adaptability to the needs of consumers as well as access to an experienced workforce.
One emerging trend as consequence of these factors is the concept of nearshoring or the shift of production and manufacturing closer to the consumer. This trend has grown in popularity as companies strive for ways to enhance their management of supply chains, and improve their capacity to withstand the rigors of globalization. It is believed that the United States is an ideal location for nearshoring because of its vast consumer market, educated workforce with a stable political environment, as well as powerful incentives from the government to bring production back to the United States.
In my company, Intermestic Partners, we are experts in helping businesses get through the process of nearshoring. Our experts have vast knowledge of logistics management, supply chain management and manufacturing. We are able to provide individualized guidance to meet the individual requirements of our clients. We collaborate with businesses to identify their needs and create a customized strategy to help them reach their objectives. It doesn’t matter if it’s improving the resilience of the supply chain and receptiveness to consumer demands or finding a qualified workers, Intermestic Partners is here to assist.
Though the needs and requirements vary Here are some things to think about when considering closeshoring back to the United States:
- The changing demand for consumer goods: Companies are increasingly seeking to move production closer to consumers in order to be able to respond faster to the changes in demand. It is true that the United States is one of the biggest consumer markets around the globe, which makes it an ideal place to locate nearshoring production.
- Access to a highly skilled workforce A skilled workforce: It is true that the United States has a large and educated population, including many skilled workers in production and manufacturing. This helps companies make sure the quality of their goods are produced to the highest standards.
- Supply Chain Resilience pandemic COVID-19 has brought to light the importance of having a durable as well as flexible supply chain and closeshoring to the USA will help businesses reduce the chance of disruptions in supply chain operations and allow them to adapt to fluctuations in demand.
- Economic and Political Stability The United States is considered a fairly stable country with respect to politics and economic stability, which makes it a much more secure place to set up and invest in.
- Government incentives: States across the USA provide incentives for firms to move their production and manufacturing into the USA and reduce the cost related to close-shoring.
- Brand Reputation: Businesses may realize that by producing their products made in the USA they are able to improve their reputation as a brand and increase confidence of customers of their goods.
In the end, nearshoring is an emerging trend that is growing in momentum as businesses seek to enhance their supply chain’s resilience as well as ability to respond to the demands of consumers and have access to the most skilled workforce and a secure business environment, and potential incentives from the government.
Ask me what Intermestic Partners can help you bring jobs back to the United States and strengthen your business operations.
