Reshoring Rethinking Your Global Supply Chains

During the on-demand webinar, which was recorded live on May 15, 2024, Rosemary Coates from the Reshoring Institute shared her extensive experience in global supply chain management. She discussed the evolution of the reshoring movement, the current state of global supply chains, and the US government's stance on the Uyghur Force Labor Prevention Act. Additionally, she highlighted the trend towards localizing production, the challenges of shutting down manufacturing in China, and the success and failure stories of companies that have relocated their manufacturing operations to the US.
On-demand Chapters:
00:00 - Intro About the Speaker; Rosemary Coates Reshoring Institute
01:50 - Published Podcast and Books by Rosemary Coates
03:15 - About Reshoring Institute
05:00 - Move Sourcing to China
13:32 - Major Changes in the Past Year
19:42 - Uyghur Forced Labor Prevention Act
23:13 - Why are Companies Reshoring Now?
27:20 - Average Annual Salaries of Production Workers/Machine Operators (World)
28:53 - What About Medical Device Manufacturers?
30:32 - What happens if we start to source more in the US?
31:31 - What products should be considered for reshoring?
34:10 - US/Mexico Border
37:46 - It's not so easy to leave a foreign location
40:04 - Reshoring Successes/Failures
45:45 - Questions and Closing
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