In this session, we will explore the considerations surrounding less reliance on China for supplies, onshoring, and everything in between. We will delve into what supply chain leaders can expect from a global economic perspective now and in the future. Additionally, we will discuss how to prepare your organization for these challenges, identify opportunities, and maximize your potential for growth.
Learning Objectives:
1. Analyze the risks associated with heavy reliance on China for product and supplies and discuss strategies for mitigating risks while exploring alternative sourcing options.
2. Assess the advantages of bringing production closer to home and the economic feasibility and potential challenges of onshoring/nearshoring.
3. Explore ways to enhance agility, such as employing advanced technologies and predictive analytics.
4. Examine the potential impact of trade policies and geopolitical shifts on the global economy, including evolving regulations, tariffs, and trade agreements and develop contingency plans to navigate changing political landscapes and minimize disruption.