While geopolitical tensions and logistics bottlenecks in the global supply chain choke productivity, one thing is becoming increasingly clear – your sourcing strategy is more critical than ever.
As leaders look for reliable reshoring options it is becoming impossible to ignore Europe’s skilled and affordable labour, its established infrastructure footprint and it’s growing semiconductor industry.
With the electronics and technology industries facing critical shortages and geopolitical obstacles, 88% of respondents in our recent survey said they were changing their sourcing strategy because of disruption.
In our new whitepaper, we take a deep dive into this critical area to unpack the strategy behind these sourcing adjustments.
“From shifting trade policies, to geopolitical tensions, to rising energy costs, to regional shutdowns, to components shortages – no other industry has faced quite the same combination and severity of disruptive factors. Those vulnerabilities, so suddenly and completely exposed, are pushing companies to buy chemicals and components from new sources and to set up factories in locations they perceive as more secure.”
– Johanna Hainz, Global Head of Technology, (AI) A.P. Møller – Maersk
With additional contributions from Infineon Technologies, Bose, MacroFab and QIMA, we unpack these trends to understand the key factors determining reshoring decisions in 2023.