Even with global supply chains absorbing shock after shock, you still have to capitalize on every growth opportunity. According to the 2024 State of Manufacturing Report, increasing U.S. manufacturing (on-shoring) remains manufacturing leaders' leading supply chain strategy, followed by North American production (near-shoring) to Canada and Mexico. U.S. manufacturing (on-shoring) remains manufacturing leaders' leading supply chain strategy. For the third year running, most manufacturing leaders report that supply chain visibility and resilience are top of mind. This has led to divestment from producing skilled manufacturing labor as well as certain raw materials.

Source: Forbes October 16, 2024 18:57 UTC