There are still shortages of supplies and equipment around the world including acute shortages in America. Global supply chains sourcing from China have been part of the problem. But companies can’t expect to simply pack up shop, lock the doors, turn out the lights, and move back home. Even if some industries are deemed critical and incentives are provided, there are still difficult hurdles in leaving China and redirecting supply chains to another country or to reshore. There is a lot to consider including employee contracts, tooling and mold ownership, intellectual property and taxes.
In this session, you will learn what strategies your company should consider now in response to pandemic and global trade wars. You will understand and consider the points of risk in your supply chain including tier one and two suppliers and how to mitigate that risk. Finally, you will learn what to consider when leaving your foreign factories including the many unexpected costs and liabilities.