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How the Pandemic Will Permanently Transform Sourcing Strategies

from Supply Chain Brain

How the Pandemic Will Permanently Transform Sourcing Strategies Supply Chain Brain When it comes to global manufacturing and sourcing strategies, the coronavirus pandemic has amplified and accelerated a number of trends that were already well underway before it began. Original equipment manufacturers (OEMs) have been reconsidering their heavy reliance on production in China and other Asian countries with low-cost labor for several years now. The initial impetus was purely economic in nature: wage rates in Chinese factories were on the rise, as turnover rates soared and it became increasingly difficult to maintain a stable labor force. READ MORE

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