Welcome back to Market Moves Supply Chain!
President Donald Trump wants high tariffs on imports to encourage companies to make products in the United States. However, doing so will be a challenge, as available domestic factory locations are low and building costs for new facilities and production equipment continue to rise.
As supply chain disruptions continue to push operations toward diversification, a recent report suggests that localizing production could harm growth. And while supply chains operate on more digital systems than ever before, organizations must assess digital weak points and technology strategies in order to succeed in a tech-driven supply chain environment.
—Tyler Fussner