- In North America, many companies are looking towards a
strategic cost transformation in order
to help meet their goals in the long term.
There are several factors that are influencing exactly
how companies are going about these transformations.
First of all, the changing global environment from a supply
chain perspective is motivating companies
to take a good hard look at
how they think about their supply base
and global network. Moves like nearshoring
and onshoring have a different business case today than they
did 5, 10, 20 years ago.
Things like risk, resilience, quality, lead time, along
with cost, all need to be considered in that context.
Additionally, in North America, we continue
to have low unemployment rates, which means
that sometimes the labor market can be constrained,
but it's also motivating companies to say,
how can I play a role in the career of my team members?
What's the value proposition that my company offers?
And as a result, how do you offer things like upskilling,
beneficial work environments, in order to create a team
that helps carry the company towards those longer strategic
goals?