The Manufacturer's Dilemma

Download or read book The Manufacturer's Dilemma written by William Reinsch and published by . This book was released on 2021 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Rust Belt to the White House, policymakers, manufacturers, and consumers are debating the merits of reshoring, nearshoring, and building more resilient supply chains in a pandemic world. President Joe Biden has largely maintained many of the previous administration’s trade policies while outlining his own administration’s commitment to “Buy American” and build more resilient supply chains. Supply chain resiliency is defined as the capacity for a supply chain to resist and respond to disruptions, minimizing the time needed to recover operational capacity. Reshoring, on the other hand, occurs when suppliers reduce their dependence on global supply chains by moving production within domestic borders. These pandemic-induced dynamics have complicated industries’ responses to supply chain issues. Should supply chains be built for resiliency or efficiency, and what are the trade-offs between the two approaches? This report assesses how these industries have been affected by the pandemic and how they have responded, particularly whether firms have chosen to embrace resiliency or pursue reshoring.