Notesale: Turn your study into money

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HOW COMPANIES ARE OVERHAULING SUPPLY CHAIN TO EASE
BOTTLENECKS
The COVID pandemic has snarled global supply chains causing massive backlogs and
shortages that have some companies stockpiling goods in trailers and chartering private
container ships
...
For longer-term solutions, some companies
are looking to make sweeping changes to their supply chains, including shifting
manufacturing closer to home
...

Modern supply chains are complex, and they're far flung
...
With every step along the way, there is the potential
for disruption, whether it's in manufacturing or in transport
...
For this reason, some
companies are looking at different location strategies to protect their supply chain
...
The idea is to
minimize risk
...

Nearshoring - It refers to the practice of pulling production that had been moved far away,
back to a country closer to where the products are distributed and sold
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Reshoring - It's similar to nearshoring, but in this case, a company that previously moved
manufacturing overseas moves it back to the country where it was originally located
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Mainly, they're expensive to pull off
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And for many smaller companies, the costs
are too high to bear
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Still, some companies think these
strategies could pay dividends for the future and help their businesses survive

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