Watch: Building a Resilient Domestic Supply Chain
Simon Geale, executive vice president of procurement at Proxima, believes that President Biden's new White House Council on Supply Chain Resilience, while it may not have immediate impact, shows a commitment to strengthening domestic supply chains. Geale explains that supply chain regionalization, where manufacturers move production closer to western markets, was already happening before the pandemic. He suggests that the government will focus on reshoring critical industries like defense, pharmaceuticals, high-tech, and agriculture, while continuing to rely on countries for certain raw materials. He also notes that complete onshoring of manufacturing is not feasible, and lower-cost alternatives like Mexico and Asia will still be sought after.
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Watch: Building a Resilient Domestic Supply Chain - SupplyChainBrain
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A: "Building a Resilient Domestic Supply Chain" seems to be a video or a series of content focused on strategies and methods to develop and fortify a supply chain within one's own country to ensure reliability and sustainability during disruptions. For more specific information, you can watch the video on SupplyChainBrain's website here.
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A: The publication date for "Building a Resilient Domestic Supply Chain" is listed as February 9, 2024. The content seems to be recent and reflective of current trends and practices within supply chain management.
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