August 5, 2024
The worldwide shift of production is fully underway as companies with global operations diversify their sourcing and work to manage risk. A trend for several years, this has become a flow. A less hospitable environment in China and tensions in US-China relations are a driver, but so is the need to reduce dependence on any one country (a problem laid bare by China’s pandemic shutdowns) and a desire to bring production closer to home. In this article in the Silicon Valley Business Journal, Sean Randolph, Senior Director of the Institute, details the three prime destinations for production for the U.S. which include India, Mexico, and Southeast Asia.