The disruption in supply chains and the labor market caused by the Covid-19 pandemic drove a global shift towards on-shoring manufacturing. The use of robotics, 3D printing and advanced automation has allowed western companies to “on-shore” production at a reasonable cost, shifting away from lower-cost Asian production facilities. This shift has allowed companies to concurrently “own their supply chain” and reduce shipping costs and timelines. At the same time, collaboration technologies such as Zoom and Slack are allowing companies to off-shore their talent, expanding access to highly sought-after experts globally.
Onshoring Manufacturing & Offshoring Labor