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Hi-tech Shippers Increasingly ‘Right-Shoring’ Production and Suppliers

(Will Waters – Lloyd’s Loading List)

High-tech companies expect robust growth in their industry to continue and are preparing for it by considering a broader range of factors when building their manufacturing supply chain networks, according to the fifth annual UPS Change in the Supply Chain (CITC) survey.

The survey, conducted for UPS by IDC Manufacturing Insights, found that while high-tech companies still favour the strategy of off-shoring as a means to cut labour costs, a large number also have begun “right-shoring”. This strategy optimizes the supply chain to take advantage of cost benefits and local resources to achieve the best customer service and overall profit margins.

CITC also shows high-tech companies increasingly are entering emerging markets and exploring 3D printing for new product designs and prototypes. Click here to read more.