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Volume 32, Issue 3

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Monday, 14 January 2013 03:26

Bringing Business Home


The rush to offshore manufacturing and back-office services was created by the promise of reduced costs. Now, many companies are realizing they’ve created more problems than they’ve solved. There is more to the total cost of operations than the obvious costs of off-shored production and back-office labor. It has an impact on supply-chain disruptions, risk, delay, and reputation. It can also reduce the amount of control and the ability to influence outcomes. What do you do when taking operations off-shore creates significant supply chain, cash flow, and crisis management risks? It’s simple: you on-shore or re-shore operations. You bring it home. Is sending business off-shore the best solution? When it comes to operating a successful business, companies have to weigh risk versus reward. Your bottom line can catch a boost by shifting production off-shore or sourcing supplies from another region, but the potential threats to business continuity are no joke. Off-shoring has been