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Reshoring in America: The Future Outlook, Current Hindrances & Issues, and Ways to Stimulate Reshoring

GlobalTranz

To reiterate that reshoring is more than just hype and a very important topic for us to consider the Boston Consulting Group (BCG) study found that 54% of companies with above one billion in revenues are now considering reshoring. Some manufacturers still resist the costs of conformance to U.S safety requirements.

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Five Tips on Sourcing Products From China

EMERGE App

In fact, China’s wages have been on the rise and fast-growing countries like Vietnam and Bangladesh are developing niches in footwear and clothing manufacturing as well. He will be happy to show them around high schools in the Boston area and have them meet the admissions officers. Zhao is ecstatic and happily takes up the offer.

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THE IMPACT OF CORONAVIRUS ON SUPPLY CHAINS

Bristlecone

In the last few years, this sub-industry has reduced its dependency on China for manufacturing and spread its supply chain to countries like Bangladesh and Vietnam, but still has heavy reliance on China for fabric and other raw materials. Globally, this industry stands around $600 billion. This is also a highly regulated industry.