When you closely examine the offshoring trends of companies in the USA in the 80’s to perhaps 2010, you would see that there were several advantages. Not just the potential manufacturing costs but the labor and other supply chain costs like shipping were affordable. That time might now be past as supply chain, shipping and labor costs have all risen dramatically. Whether it started with trade war disputes or was hastened by COVID-19, more companies are now using business partners in other parts of Asia, Europe, Latin America or even North America.
A June 2020 survey from research company Gartner of 260 global supply chain leaders found