MIT study finds companies are slow to make “reshoring” promises a reality
11/09/2014
Quoting Jim Rice, a supply chain expert at the Massachusetts Institute of Technology (MIT), the FT said many companies that have promised to move manufacturing back to the US have been slow to do so.
Mr Rice said companies in many sectors have said in public they believe it makes good supply chain sense to move production from single, large-scale plants thousands of kilometres away and to have a network of smaller plants closer to target consumer markets instead, to cut down on lead times and transportation costs.
He explained that MIT has carried out a study of around 50 companies that have made announcements about moving jobs back to the US and has concluded that, so far, “there are relatively few published instances of reshoring”.
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