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    4. A Heightened Focus On Reshoring
    A Heightened Focus on Reshoring main photo

    A Heightened Focus on Reshoring

    August 26, 2020

    The COVID-19 pandemic exposed the risks inherent in the global supply chain, particularly the worldwide reliance on China for medical supplies. The supply chain turbulence experienced during the pandemic undoubtedly will impact future business decisions, extending beyond medicine to other industries, including electronics, aerospace, automobiles, defense, consumer products, and technology.

    Incentivizing Reshoring
    Manufacturing companies accelerated moving production to low-cost manufacturing countries (known as offshoring) in the early 1990s. In the rush to globalize, key manufacturing sectors were abandoned in the United States. But now that the vulnerabilities of doing so have been exposed, there is talk of “de-globalization,” or reshoring.

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    Todd County Development Corporation347 Central Ave, PO Box 247 Long Prairie, MN 56347 Tel 320-732-2128 melissa.wyman@co.todd.mn.us
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