Near-shoring gains traction as globalisation stalls

© Marcnorman

Excellent cost-benefit analysis of the near-shoring phenomenon as the backlash against globalisation continues. The continued quest for low-cost labour locations has almost reached its end, writes supply chain expert Mark Millar in this illuminating blog. “Many multinationals are now beginning to experience the “unintended consequences of this globalisation frenzy, namely the increasing cost burden of global supply chains”. As a result, firms from a variety of sectors have moved manufacturing much closer to end markets, where the cost burdens are less and other benefits, such as speed-to-market, higher service levels and reduced risk, can be found.