“Right now, I’m a little angry. I don’t want to invest in American companies,” says Joanna Goodman, owner of Au Lit Fine Linens, a Toronto-based bedding and nightwear company.
“It’s about having your eggs in one basket. And right now, that basket is very reckless and very precarious,” she continues.
From Houthi attacks in the Red Sea, to the Ukraine war, global events in recent years have given rise to a more recent phenomenon – reshoring.
Bringing business operations back to home shores, it is the reversal of offshoring.
Stupid question to ask after two weeks of this shit.
China is the only place that can get a factory from idea to production in two weeks, and that’s because they’ve got a massive factory manufacturing infrastructure (and are notorious for cutting corners).
It’s going to be 3-6 months before manufacturing of basic stuff will start to be brought back in-house. In the meantime, we’ll forge new supply chain relationships with other suppliers in other countries - more than one, hopefully.
True.
But if an existing factory happens to have some unused capacity, re-tooling to make a similar product that wasn’t previously economically viable to make might be a fairly quick possibility.