New Video on MHI View Strengthening American Manufacturing
The global COVID-19 pandemic has forced firms with global supply chains to reevaluate their models for resiliency and agility in the post COVID economy. In the 1970s, the United States held 24% of the global GDP making America the world’s leading manufacturer. Over the past three decades companies emphasizing cost efficiency, outsourced their manufacturing to countries that had lower labor rates resulting in longer more brittle supply chains. COVID-19 exposed these weaknesses and now firms are seeking to balance cost efficiency with the risk of offshoring.
Learn more by viewing full video on MHI View.
MHI view episodes also focus on the following supply chain technologies:
–Inventory and network optimization tools
–Sensors and automatic identification
–Cloud computing and storage
–Robotics and automation
–Predictive analytics
-Wearable and mobile technology
-3D Printing
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