Two-thirds of manufacturers are adopting a ‘power of two’ approach – ensuring spending is sourced from two separate regions – as they navigate global supply chain disruptions, according to a World Economic Forum report.
In a 300-organisation survey, together with Kearney, it found over 90% are undertaking a ‘renewed focus on regionalisation’.
It identified seven readiness factors as countries prepare their systems for future manufacturing, covering infrastructure, energy and resources, technology, labour and skills, fiscal and regulatory policies, geopolitical landscape, and environmental, social and governance (ESG).
Additional drivers, including cost, market access and political priorities, play significant roles in determining manufacturing attractiveness.
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