Well…. the good news is that we are already at the landed cost tipping point between the US and China on quite a few commodities ……. even without tariffs.
Labor is only a small delta cost compared to shipping, inventory and other hidden costs in long supply chains.. then if we add the latest automation this further reduces any advantage o…
Well…. the good news is that we are already at the landed cost tipping point between the US and China on quite a few commodities ……. even without tariffs.
Labor is only a small delta cost compared to shipping, inventory and other hidden costs in long supply chains.. then if we add the latest automation this further reduces any advantage of low cost labor.. Plus the offshore labor is also escalating to further close the gap
And this is why 85% of corporation are reshoring with a 55% increase in reshoring levels year over year..
We have challenges…… but its happening and well worth the effort.
Well…. the good news is that we are already at the landed cost tipping point between the US and China on quite a few commodities ……. even without tariffs.
Labor is only a small delta cost compared to shipping, inventory and other hidden costs in long supply chains.. then if we add the latest automation this further reduces any advantage of low cost labor.. Plus the offshore labor is also escalating to further close the gap
And this is why 85% of corporation are reshoring with a 55% increase in reshoring levels year over year..
We have challenges…… but its happening and well worth the effort.
More at .. www.nigelsouthwayauthor.com
and a video at TBM and Industry 4 0
https://www.youtube.com/watch?v=O5f1VB7s3FQ&t=884s