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Trends in Sustainability: Deglobalization will accelerate in 2024

Freightera

Deglobalization will accelerate, and reshoring and localization of manufacturing will continue 2023 has seen a severe freight recession, especially in North America, with significant overcapacity and declining rates for ocean shipping as well. Circular economies will increasingly be sustainable, and local economies as well.

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Top Considerations Around Reshoring in Today’s Supply Chain

QAD

It’s no secret that putting all of your eggs in one basket probably isn’t the best idea, but that’s exactly what manufacturers around the world have been doing for years in offshoring production to China. That includes front-end forecasting and planning, procurement, manufacturing, logistics and import/export.

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Global Manufacturing PMI Levels Rise in January 2024

Supply Chain Matters

Supply Chain Matters provides a monthly highlights of reported January 2024 global and regional production and supply chain PMI indices. Overall, global activity reportedly showed signs of increased production output and corresponding activity levels, but the gains were mostly in developing and lower-cost regions. increased 1.1

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2024 Predictions for Industry and Global Supply Chains- Prediction Two

Supply Chain Matters

As Simon Gale, Executive Vice President at supply chain procurement services firm Proxima, and others have come to observe : “ The reality of global supply chains is that onshoring to the point of self-sufficiency is not possible, hence a complex web of stimulating investments and strategic supply chain partnerships. ”

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Global Sourcing and Human Rights Go Hand in Hand

NC State SCRC

Low-cost country (LCC) sourcing is now a commonplace strategy for shrinking bottom line labor and material costs in most consumer products industries, including apparel, footwear, toys, and other manufactured products. Labor and human rights is much trickier to monitor through purchasing policies.