Every manufacturing leader who has come of age in our industry in the last few decades should be familiar with the concept of ‘off-shoring’ manufacturing. In the era of cheap overseas labor and inexpensive, reliable shipping, ‘off-shoring’ proved to be an effective method of savvy buyers to control manufacturing costs.
However, no good things can last forever. Since 2020, a confluence of issues stemming from the global COVID-19 pandemic have wreaked havoc with the ‘off-shoring’ strategy.