New BCG research is analyzing just how much geopolitical uncertainties
are affecting where companies manufacture and source goods.
With the backdrop of geopolitics causing more changes in the years ahead,
How can businesses build a sustainable, competitive advantage
in their manufacturing and sourcing footprint?
As geopolitical pressures drive changes and trade,
manufacturers are willing to morph their footprint for stability,
ease of business, stronger logistics and more resilient supply chains.
However, our survey found that many companies
who changed their footprint were disappointed. Why?
Our findings suggest that often enough, the decision making did
not fully factor in the entirety of the geopolitical aspects.
The good news is,
with a successful manufacturing and sourcing footprint transformation
firms can improve resilience and drive sustainable competitive advantage.
Future ready manufacturers are staying ahead of
evolving global forces and capitalizing on new opportunities.