Recent national surveys of manufacturers have revealed that two-thirds of manufacturing companies with revenues between $4 million and $50 million are seriously considering or actively planning to bring all or significant portions of their operations back from China. Many of those companies are family-owned enterprises. That trend started before the U.S./China trade war and has continued during the supply chain disruptions of the COVID-19 pandemic.
The argument for moving operations to China is shifting. There are now compelling reasons to de-risk the supply chain away from Chinese suppliers and to re-shore or near-shore manufacturing operations.
Watch this on-demand webinar, which includes a discussion on de-risking the supply chain and how to budget for, develop and execute a plan with minimal risks and impact on your family business.