Industry Today: China Zero-COVID Implications for Supply Chains in 2023
Written by Supply Wisdom Team
With China’s zero-COVID policies highlighting the risk of doing business in China, many enterprises are re-evaluating their offshoring strategies. Reports by Bloomberg show that the mention of onshoring, reshoring, or nearshoring in corporate earnings and presentation calls has increased more than 1000% in the last few months.
Enterprises today need to increase their investment in risk management solutions that give them greater visibility into their partners and the Nth parties in their supply chains.