WEBVTT

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- In North America, many
companies are looking towards a

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strategic cost transformation in order

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to help meet their goals in the long term.

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There are several factors
that are influencing exactly

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how companies are going
about these transformations.

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First of all, the changing
global environment from a supply

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chain perspective is motivating companies

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to take a good hard look at

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how they think about their supply base

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and global network. Moves like nearshoring

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and onshoring have a different
business case today than they

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did 5, 10, 20 years ago.

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Things like risk, resilience,
quality, lead time, along

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with cost, all need to be
considered in that context.

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Additionally, in North
America, we continue

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to have low unemployment
rates, which means

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that sometimes the labor
market can be constrained,

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but it's also motivating companies to say,

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how can I play a role in the
career of my team members?

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What's the value proposition
that my company offers?

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And as a result, how do you
offer things like upskilling,

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beneficial work environments,
in order to create a team

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that helps carry the company
towards those longer strategic

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goals?