What the Next Era of Globalization Will Look Like

Supply chains are being rearranged, slowly but surely, as companies reevaluate their sourcing practices and aim for more resiliency. The past few decades of globalization have had some major flaws; a new, more localized economic strategy can provide both resilience and sustainability. The old way saved big companies a lot of money as long as nothing went wrong. But when anything goes wrong—be it a tsunami, geopolitical event, or war—major problems arise. There’s no single answer. It very much depends on the country, industry, and which supply chain you’re talking about. At P&C, we have a practice dedicated to addressing, improving, and optimizing global supply chains. Please reach out to me to discuss your issues and ideas on this topic.