WEBVTT 1 00:00:00.375 --> 00:00:03.795 A remarkable trend has unfolded over the past five years. 2 00:00:03.795 --> 00:00:07.257 Over 90% of North American manufacturers we surveyed are 3 00:00:07.257 --> 00:00:09.217 moving significant parts of their production 4 00:00:09.217 --> 00:00:10.969 and sourcing to different countries. 5 00:00:14.264 --> 00:00:15.765 Analysis shows this trend will keep growing 6 00:00:15.765 --> 00:00:17.392 over the next five years. 7 00:00:17.392 --> 00:00:20.645 We wanted to know: How can companies prepare for this shift? 8 00:00:25.775 --> 00:00:27.861 The global supply chain is undergoing a 9 00:00:27.861 --> 00:00:29.612 massive transformation. 10 00:00:29.612 --> 00:00:31.322 Cost is the primary reason, 11 00:00:31.322 --> 00:00:33.742 but other drivers include shortening lead times, 12 00:00:33.742 --> 00:00:35.827 operating in more stable business environments, 13 00:00:35.827 --> 00:00:39.205 and more flexibility at responding to disruption. 14 00:00:39.205 --> 00:00:41.332 That's in response to a decade of changes 15 00:00:41.332 --> 00:00:43.710 around the world leading to a redrawing 16 00:00:43.710 --> 00:00:44.878 of the manufacturing map. 17 00:00:46.254 --> 00:00:47.547 Understanding this 18 00:00:47.547 --> 00:00:50.425 and moving supply chains at the end could be a company's 19 00:00:50.425 --> 00:00:52.469 secret to saving 20 to 50%.