COVID-19 highlighted weaknesses in extended and overly complex supply chains, especially when there was such heavy reliance on sourcing from China. Such instability can potentially be avoided by exploring different sourcing options—local, or closer to home, to be specific—to better drive domestic economies and safeguard against future disruptions.
The closer the raw materials are to the end user, the more efficient the value chain and delivery experience will be. Businesses that learn how to shorten the supply chain will have a better chance of reducing negative impacts to their business and their customers in the future. Stay tuned!