This has opened opportunities for other Asian countries beyond China. However, the economic recovery in Asia is losing momentum.
Gordon Cessford was featured in Supply Chain Brain's article on Supplier Diversification. U.S. companies are considering supply chain diversification through options like near-shoring, onshoring, vertical integration, and multi-sourcing to mitigate risks and maintain competitiveness. Digitalization, blockchain, and AI are also playing a significant role in enhancing supply chain management globally. Read the full article here.