20201029 - Supply Chain Strategy: Reshoring with Harry Moser
Date and Time
Thursday Oct 29, 2020
10:00 AM - 11:00 AM EDT
Location
This will be a Zoom event. You will receive a link the day before the meeting.
Fees/Admission
$25 for Members and Association Members*
*including All CMC member organizations: CONNSTEP, CTMA, SMA, ACM, AMEP, EAMA, NESMA, META, CBIA.
$50 for Non-Members
Contact Information
Jillian Wood
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Description
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.
Topics include:
- How to identify the products most eligible to reshore
- How to quantify the costs and risks of offshoring
- Why companies reshore
- How to get started reshoring
- How to convince companies to reshore and buy from you
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