Regionalization and Nearshoring of Manufacturing: Environmental Concerns Hitting Close to Home
Source: https://specialty.gaig.com/
Over the past decades, China – recently known as the world’s factory – has grown to become the largest global manufacturer. For many companies the decision to move production to China was essentially synonymous with producing goods at the cheapest possible price. Combined with inexpensive exporting costs, goods could easily be manufactured in China and transported across the globe. Read more.