Global manufacturers are increasingly turning to regionalization to boost supply chain and manufacturing resiliency, speed time-to-market and reap other business and environmental benefits from reshoring part of their operations to be closer to the markets they serve.
This isn’t an isolated incident. Regionalization has become a widespread trend. In a 2022 McKinsey & Company survey of 113 supply chain leaders worldwide, 44% of respondents, up from 25% percent the previous year, stated that they were developing regionalized supply networks.
However, successful regionalization requires careful planning and a clear understanding of four core prerequisites.
