While the global covid19 pandemic seems to be fading into the annals of history, the next crisis loomed large before the last one could begin to fade away into obscurity. What do these two most recent crises in the US demonstrate to the manufacturing world?
Next shoring involves moving a companys production capacity to where the market for the goods is. For U.S. centered companies, serving American markets, this is the same as reshoring, as reshoring entails moving production capacity back to the U.S. to meet production demands in U.S. markets.
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