Political instability, increasing wages and government fiscal incentives to drive the relocation of chemical production
SANTA CLARA, California, June 18, 2020 /PRNewswire/ — A major shift in the manufacturing industry is taking place as clients begin to reshore their operations outside of China. The time to relocate production has never been stronger as political and financial incentives present opportunities for the future, while trade tariffs, supply chain uncertainty and escalating wages in previously low-cost regions continue to present challenges. On top of this, COVID-19 has exposed the limitations of the global supply chain and is expected to produce permanent market changes. To help players prepare and thrive in the future, our industry experts have developed an analysis that highlights best practices to capitalize on as manufacturing locations reshore or rehome and supply chain models shift.
Frost & Sullivan invites you to join Senior Partner Gary Jeffery and Chemicals, Materials & Nutrition Business Unit Leader Robert Outram for the Growth Opportunity briefing, “Reshoring: Opportunities Abound as Companies Relocate Production,” on June 23 at 11 a.m. EST. The briefing will provide actionable insights to help drive your reshoring journey and discuss tactics and processes various chemical companies are implementing for their relocation strategy with an emphasis on how to assess and implement alternative production hubs.
For more information and to register for the webinar, please visit: http://frost.ly/465
Key benefits of attending this webinar:
- Pinpoint which regions are set to become hotspots for production hubs and understand why.
- Identify the factors contributing to the move away from China.
- Recognize the benefits of reshoring for chemical companies, the manufacturing industry and governments.
- Discover how to select new locations, minimize risk and accelerate time to market.
The event will also be recorded and available on-demand at http://frost.ly/1ti.
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