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Can Australian Manufacturing be Brought Back Home from China?

Logistics Bureau

Inevitably ‘Made in Australia’ goods will cost more—sometimes even double or triple the price tag of a ‘Made in China’ equivalent. Is it possible to reverse the offshoring trend to protect Australia from similar situations in the future, and if so, at what cost? The main effect of this offshore flight? Economic Benefits.

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Added Evidence of Emerging Regionalization of Global Supply Networks

Supply Chain Matters

Locations that have benefitted from this sourcing shift are noted in the report as Vietnam and Mexico , the latter being a preferred nearshoring or friendshoring alternative. Consumers are already balking at $1000 plus smartphone, tablet, personal computer or kitchen appliance price tags. imports peaked at 21.6 percent in 2022.

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Reshoring: New Day, False Dawn, or Something Else?

MIT Supply Chain

Similarly, there is a greater awareness of the risks associated with offshore manufacturing, such as the hazards of lax labor laws, and the increased vulnerability of international supply chains to disruptions. Other terms such as nearshoring and backshoring are used to describe the concept. What is reshoring?

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2023 supply chain and logistics management trends

EazyStock

Reshoring and nearshoring As recent supply chain disruption showed, bringing in items from cheaper suppliers further away than more expensive local suppliers caused problems. Reshoring or nearshoring can reduce issues caused by shortages or blockages, particularly for manufacturers.

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2023 supply chain and logistics management trends

EazyStock

Reshoring and nearshoring. Reshoring or nearshoring can reduce issues caused by shortages or blockages, particularly for manufacturers. You might already be using devices such as smart sensors or RFID tags to record products in your warehouse. Using connected devices in warehouses can increase efficiency and safety.

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This is Not a Supply Chain Storm to Weather!

Supply Chain Game Changer

There’s also the issue of sourcing , as companies consider nearshoring and reshoring and requalify and re-assess their suppliers and sub-suppliers. With less transportation capacity, carriers are forced to hike shipping costs, and airfreight rates from China to Europe were already up 253% YOY in April.

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How a Profession Went From Zero to Hero

MIT Supply Chain

Buzz terms such as offshoring and, latterly, near-shoring, became part of the business lexicon. - Changing world order. Filed under: MIT CTL , Talent Mgmt Tagged: globalization , MIT CTL , near-shoring , Rodney Dangerfield , Supply chain management , talent management , Yossi Sheffi. . - Globalization.

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