Ensuring Business Continuity While Focusing on Accelerating Automation
Thursday, May 21, 2020
As we emerge from the COVID-19 pandemic, I think that the outlook is positive in the near- and long term for corporate site location projects.
The current environment is teaching us that the need to ensure business continuity in the face of exceptional risks will be driving many supply chain location decisions in the future. More localized supply chains will be a way for companies to increase resilience and minimize disruptions as the probability for exceptional events of a global impact increases. This will generate increased activity from corporations seeking to re-shore, move, or establish new operations closer to their markets. Also, the need to make supply chains more resilient, will push corporations to require suppliers to be closer to their operations. This may increase the number of facilities that will be needed, as it may not be feasible any longer, from a business continuity standpoint, to supply several locations from one centralized facility.