The True Costs of Cheap Offshore Manufacturing – Why UK companies should now consider reshoring in the wake of Covid-19
If you had asked SME owners in October 2019 what the challenges to their supply chains were likely to be going into 2020, I suspect very few of them would have considered a global pandemic originating from the other side of the world.
Covid-19 has disrupted global supply chains in a hitherto unprecedented fashion. It has compounded the many concerns of UK businesses who use off-shore manufacture following Brexit and the US/China Trade war. Every business who uses overseas manufacture should now be reviewing their purchasing strategies and supply chain risk assessments.
‘Offshoring’ is the practice of outsourcing a service...