Globalization: The Times are Changing!

Presenter: Harry Moser

In many product categories the country and many companies are dependent on offshore suppliers. It is now clear that shorter supply chains are lower risk and are more profitable for OEMs for 20 to 30% of products that are now imported. Find how to benefit from the trend and reduce risk, including potentially existential geo-political risks.

Takeaways include:

1. How the OEM can use total cost of ownership (TCO) to identify reshorable products. Buy smarter!
2. How the supplier can help the OEM quantify the advantages of domestic sourcing. Sell smarter!
3. Ideas for strengthening the skilled workforce.

STI/SPFA members are encouraged to invite their customers to attend and share the insights into using TCO.