Blog - Re-Shoring - Medical Products and Equipment
Paul Young
Experience Senior Financial Planning, Analysis and Reporting SME seeking P/T or F/T job.
Medical supply chain expands ‘nearshore' capabilities, reach
After a hard recovery from pandemic- era supply chain challenges, everyone in the medical plastics industry has two megatrends on their minds: supplier consolidation, and reshoring and nearshoring production closer to customers.
Let me add a bit more color on near-shoring of the supply chain:
The United States Federal Government through the Inflation Reduction Act provided different programs as part insulating the supply chain from geopolitical risks. https://www.elpasoinc.com/news/local_news/work-begins-on-el-paso-industrial-hub-as-near-shoring-trend-continues/article_1388b9b2-d0f0-11ee-8116-7b68aa35100a.html The City of El Paso Texas
The key will near-shoring will come back to balance of policies including taxation, regulations, infrastructure investments, and training and skills development. https://www.foley.com/insights/publications/2024/02/suez-panama-canals-threaten-global-supply-chain/
Blog – ESG – Clean Energy Investments – Daimler Benz Paccar and Cummins - https://www.dhirubhai.net/posts/paul-young-055632b_clean-energy-manufacturers-invested-24b-activity-7166486606718205952-HEGx?utm_source=share&utm_medium=member_desktop
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Blog – Manufacturing Analysis and Commentary – Canada – December 2023 - https://www.dhirubhai.net/pulse/manufacturing-canada-january-2024-december-2023-paul-young-z1jgc/
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