COVID-19 has revealed deadly shortages of medical products due to 90 to 95% dependence on imports, especially from China. Legislation has been introduced to reward or mandate reshoring.
Similar dependence is true in many key industry sectors including defense materiel. It is now clear: shorter supply chains are stronger supply chains for the country. Shorter supply chains are also more profitable for OEMs for 20 to 30% of products. Tools to identify the 20 to 30% will be provided. Results of numerous studies showing that the tools work. We will explore examples of CT companies that reshored and why.