Infosys reposted this
The COVID-19 pandemic has highlighted the vulnerability of global supply chains, renewing focus on reshoring #manufacturing. This shift promises greater resilience, sustainability, and proximity to consumers. However, transitioning from global to local manufacturing presents challenges, including initial setup costs, #supplychain adaptability, navigating local regulations, and maintaining competitiveness. To navigate these effectively, companies can leverage government incentives, invest in advanced technology, build strong local supplier relationships, and foster a culture of continuous learning and adaptation. #Reshoring also offers an opportunity to align production with sustainable practices, reducing carbon footprints and implementing energy-efficient technologies. As we look towards the future, reshoring manufacturing is poised to significantly impact global trade dynamics, potentially leading to a shift towards regional trade agreements and a decline in long-distance shipping. bit.ly/4fDNDVx Infosys Manufacturing | Infosys Sustainability Services | Raghavendra K.A