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.
Frequently Asked Questions
Watch: Building a Resilient Domestic Supply Chain - SupplyChainBrain
Q: What is 'Building a Resilient Domestic Supply Chain' on SupplyChainBrain?
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.
Q: When was the content for 'Building a Resilient Domestic Supply Chain' published?
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.
Q: Where can I find the video 'Building a Resilient Domestic Supply Chain'?
A: You can find the video on SupplyChainBrain's Video Library. The title suggests there may be a multimedia aspect to this resource. Check out the direct link to view the content here.
Q: Can I learn about current supply chain management strategies from SupplyChainBrain?
A: Yes, SupplyChainBrain provides news, analysis, videos, and other content related to supply chain management, including the latest strategies. Their 2024 Supply Chain Management Resource Guide may offer insights into current trends and strategies.
Q: Does SupplyChainBrain offer other types of content related to supply chains besides videos?
A: Absolutely, SupplyChainBrain offers a range of content types including featured articles, a Think Tank blog, a SupplyChainBrain podcast, and a variety of whitepapers on various topics related to supply chains.
Please note that while I provided a set of FAQs based on the search results given, specific details such as the content of the video or article would require reviewing the actual sources from SupplyChainBrain's website for more accurate and detailed information.