According to a recent report by the management consultants at Accenture, companies are turning to regional suppliers and manufacturing facilities in order to become less vulnerable to global supply chain disruptions.
The study is based on a survey conducted between January and March 2023 among 1,230 senior executives in development, manufacturing, supply chain, and operations. The respondents represented several continents: Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Spain, Sweden, the United Kingdom, and the United States.
According to the report, by 2026, 65% of companies intend to buy most of their key products from regional suppliers, while today they make up 38%. Even more organizations (85%) say they plan to produce and sell most of their products in the same region by 2026, which is nearly double the current 43%.
Source: trans.info