3 ms·
Offshoring has existed for decades but picking up and moving on a whim is not something companies do overnight. Things like access to raw inputs and availabilit
by LurkingPenguin 5y ago
Offshoring has existed for decades but picking up and moving on a whim is not something companies do overnight. Things like access to raw inputs and availability of skilled labor are major viability factors.
Also, global transportation is a mess right now. Container shipping rates are high and ports are backed up. It doesn't do a company a lot of good if it can't get its goods from the factory to the market they're sold in efficiently and at reasonable cost.