Footprint Strategy & Reshoring

Over 60% of European and US companies expect to reshore some of their production activities from Asia back to Europe or the US over the next three years. That is the main conclusion from the ‘Global Reshoring & Footprint Strategy’ survey conducted by Buck Consultants International (BCI Global) and Supply Chain Media earlier this year.

The reshoring trend is being further accelerated by the war in Ukraine and the current unity in Europe. The research results clearly show that reshoring is a hot topic on the boardroom agenda within internationally active companies. The numerous supply chain disruptions in recent years, which have included COVID-19, material and component shortages and steep rate increases for ocean freight, have forced companies to reconsider their manufacturing footprint. 60% of the companies surveyed expect to move some of their Chinese/Asian production back to Europe or the US in the next three years. With fuel prices – and hence transportation costs – now skyrocketing, the ‘make in region, sell in region’ principle will become even more attractive.

Get prepared before the webinar by downloading the Checklist for footprint strategy >>

Register here for the webinar >>