Next Shoring is defined by McKinsey as "...not about about the shift of manufacturing from one place to another but about adapting to, and preparing for, the changing nature of manufacturing everywhere." Mckinsey next-shoring: a CEOs guide
So CEOs listen up!
But lets put some perspective on this and other
revelations about matching local needs & manufacturing opportunities from
our own recent history.
Tea was first introduced into India by the British,
in an attempt to break the Chinese monopoly on tea. The British used Chinese
seeds, plus Chinese planting and cultivating techniques to launch a tea
industry by offering land in Assam to any European who agreed to cultivate tea
for export.
I used to work for HJ Heinz, and the company
history will tell you that from a US beginning in 1869, they exported their new
Tomato Ketchup to the UK in 1886, followed by Cream of Tomato Soup in 1910 and
Beans and more. A new production site in the UK made thousands of tonnes of
product in its first year in the roaring twenties.
Next Shoring, reshoring, offshoring. CEOs think about your business and it's loci, and don't be too in awe of the "very latest thinking"!
Next Shoring, reshoring, offshoring. CEOs think about your business and it's loci, and don't be too in awe of the "very latest thinking"!
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