How Small Manufacturers Can Develop Risk Management Strategies for their Supply Chains

Many manufacturers are pursuing domestic sourcing for materials and supplies as a way to overcome supply chain disruptions. In many ways the disruptions show how small manufacturers are more critical than ever. Many big companies are looking for additional domestic sourcing and do not want to take on additional liabilities and capital investments from bringing more in-house.

Those companies also are looking for trusted relationships in their supply chains that will work with them to provide added value from sustainable solutions and even product development.

The efforts to find domestic sourcing are shedding light on the many benefits that small and medium-sized manufacturers might not have considered in the past, such as total cost of ownership and innovating alongside their suppliers.

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