research onshoring and reshoring as trends and answer the following questions: a
ID: 331009 • Letter: R
Question
research onshoring and reshoring as trends and answer the following questions: a. Is onshoring or reshoring a sustainable trend? Describe or say why b. What are some decision drivers that would cause businesses to return to America for production needs? Be creative in your search terms to come up with good reference material. Be sure you briefly define each term in your answer somewhere. Your answer should be the equivalent of a full page typed (single space) but could be longer. You should use at least 2-3 reference materials for your answer. Do not address the politics, personal views about offshoring vs. reshoring, or the economics to the U.S. or any state or city. This is all about operations decisions and how one or the other of the choices impacts process, quality, capacity, and inventoryExplanation / Answer
a) Onshoring or reshoring is a sustainable trend that can help the firm expand in domestic market due to the below reasons -
1. Onshoring helps the firm relocating its manufacturing units located overseas back in the US thus creating employment for the people of the home country.
2. It helps the economy grow.
3. Consumers get a sense of pride in purchasing and using home grown products compared to foreign products
4. Firms can get help from the government in setting up the establishments in the home country.
b) Below are some decision drivers that would cause businesses to return to America for production needs -
1. Cost of operations in the overseas vs in the US which include labor and other costs.
2. Availability of the raw material and transportation costs of inbound logistics.
3. Availability of customer base and transportation costs of outbound logistics
4. Any subsidies provided by the local government.
5. Regulatory requirements.
6. Competitive atmosphere.
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