Download PDFOpen PDF in browserStrategies for Successful Reshoring: a Roadmap for U.S. ManufacturersEasyChair Preprint 12411, version 26 pages•Date: March 10, 2024AbstractThis paper begins by examining the driving forces behind reshoring initiatives, including rising overseas labor costs, supply chain disruptions, and the desire to regain control over quality and intellectual property. It then outlines a roadmap consisting of essential steps and considerations for companies embarking on reshoring endeavors. These include conducting thorough cost-benefit analyses, evaluating potential risks and rewards, optimizing supply chain logistics, investing in workforce training and development, leveraging government incentives and support programs, and fostering collaboration with key stakeholders. Additionally, the paper highlights best practices and case studies of successful reshoring implementations across various industries. Keyphrases: Reshoring, Successful, strategies
|