While it may be more cost effective, the truth is that depending on the global supply chain can actually hurt your organization. In fact, many companies have moved their production back to the U.S. because of the limitations that political strife, including wars and changing economic climates, has on the global supply chain. For these reasons, it would seem as though the best situation is often one in which you can operate your business with as much local supply as possible. Create your own supply chain to spread out your procurement, so you are less dependent on a single provider or a handful of companies for all of the materials you need. Diversification like this can save your organization money consistently. As a manufacturing company in today’s climate, it is critical to consistently work to address the unique needs of your organization. There may be a shortage in certain nooks of the supply chain, but there is no shortage of ways to innovative solutions in the production space. To better learn how to do so, check out some of the information included alongside the infographic embedded within this post.
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