Supply chains are currently experiencing a significant shift due to the COVID-19 pandemic. This change is defined by a move from global to local sourcing, leading to a more resilient and less vulnerable system. The transformation is driven by the need for businesses to protect themselves against disruptions in the supply chain, such as those caused by the pandemic.
The shift is also facilitated by advancements in technology, with 3D printers and CNC machines enabling local, on-demand production. These technologies are democratising the manufacturing process, making it possible for anyone to produce goods.
Despite the advantages, local sourcing does have its challenges, particularly in terms of cost. However, the long-term benefits of resilience and sustainability may outweigh these initial expenses.
In addition, the shift to local sourcing is not merely a business decision, but a societal one. It has the potential to create jobs, reduce carbon emissions, and foster a sense of community. This transition could redefine our relationship with production, leading to a more sustainable and resilient future.
In essence, the COVID-19 pandemic is accelerating the shift from global to local sourcing, driven by the need for resilience, advancements in technology, and societal benefits. However, this transition also presents challenges that need to be addressed.
Go to source article: http://interconnected.org/home/2020/04/01/supply_chains