Rising protectionism at countries (i.e., higher tariffs and border taxes) as well as falling costs of advanced manufacturing technologies have created a business strategy of multi-local to create more value in the economies they serve.
Instead of building facilities in low cost economies and then paying to ship around the world, companies are now building closer to the consumer. This makes it easier to comply with regulation, meet specific market needs, and ensure effective last-minute delivery. Emerging players are new sources of consumption, as well as innovation and production. The multi-local/regional hubs facilitate supply chain flows.
Does your company have a Multi-Local approach to business operations?
