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.
