Synopsis
The global supply chain is broken. Because COVID-19 brought this issue to the forefront, many assume that the pandemic is the reason for the collapse. It is not. Instead, four MaxTrends™ are largely responsible for the transformations already underway. Transforming the Global Supply Chain describes these MaxTrends™ in detail––the growing presence of cyber threats, the revolutionary impact of 3-D printing, the rapid adoption of robotics, and the new ways nations everywhere are seeking to protect their domestic economies from foreign competitors.
For many reasons, the biggest casualty over the next five years will be China. Some companies are already beginning the process of moving their supply chains out of China to other locations in Southeast Asia, India, and the Americas. Those U.S. companies that are aggressively reacting to economic and political pressures by reshoring their supply chains back to America are poised to be the most successful over the long run.
Contains practical advice and strategies for CEOs, boards of directors, senior managers, and anyone else directly involved in supply chain activities. The MaxTrends™ are happening, and the risks of doing nothing about them are high. The world economy as we once knew it will never return. The challenge now is for U.S. companies to figure out how to adapt to the quickly changing landscape.