eBook: 9 Benefits of Onshoring

As trade in commodities and finished products became more globalized, many companies offshored their manufacturing operations, shifting them to overseas locations. This was done in the hope of maximizing profit by reducing labor costs, material costs, and overhead costs. However, as differences in labor rates have decreased over time, the logistical and oversight challenges of overseas manufacturing have become more significant.

The strategy of onshoring, or bringing operations from foreign locations to domestic ones, is gathering momentum, allowing companies better access to their primary markets. Learn more about how this procurement strategy can benefit your business and reinvigorate your supply chain by downloading this free eBook.