Overview

The rippling effect of war tensions has put the global supply chains to the test. A persistent looming crisis involving geopolitical tensions has shifted the focus of organizations to build a resilient and risk-proof supply chain.

Although, the pandemic-induced great supply chain disruption is almost over, however, it led to a significant change in the supply chain and manufacturing operations.

Geopolitical chaos, food shortage, price inflation, impeded international trade situations, etc. have exacerbated the risks associated with business continuity.

Hence, supply chain managers and stakeholders are evaluating the options of nearshoring their manufacturing operations in order to reduce the impact of disruptions.

• How can manufacturers adopt best practices for innovative models to compress the value chain and add flexibility to the process?
• How do shorter supply chains contribute to reducing overall production timelines, address dynamic consumer demand, and drive growth?
• What benefits are emerging industries drawing from the nearshoring development, and how does this development offer lucrative growth opportunities in their countries?