"Companies that fail to keep up with the impact of input cost changes, and those that get stuck with under-leveraged costs, will likely struggle. The companies that succeed will likely be the ones that know and actively manage the profitability of each of their product and service offerings.
~PWC 2023 Trends in Private Equity Report
Disruptions to the global supply chain in recent years have prompted many manufacturers to analyze the pros and cons of reshoring the production of critical components. Perhaps you are one of them. As we approach the midpoint of 2023, with tensions still flaring in Asia and the war in Ukraine in its second year, manufacturers are increasingly concerned about the long-term durability of the global supply chain, and many are making the move to reshore production.
While every business situation is unique, we have observed some common considerations that should be on management checklists when making this important decision.
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