Remove 2002 Remove Data Remove Definition Remove Survey
article thumbnail

Nearshoring & Reshoring Will Continue to Increase Thanks to these Main Benefits

GlobalTranz

Yet, understanding these concepts requires a bit more than this simple definition. Data from the Consumer Product Safety Commission (CPSC), however, do allow us to take a partial look at recalls by country. Reshoring Vs. Nearshoring.What's the Difference? Reshoring is the opposite of offshoring. The risk of product failure is real.

article thumbnail

Analytics in Supply Chain Management Becomes Central As Coronavirus Escalates

IoT World Today

Bouncing back more quickly, said experts, will require supply chain managers to turn to new ways of managing the supply chain, including using Internet of Things (IoT) data, analytics and machine learning (ML). And while during the SARS epidemic of 2002 and 2003, China represented 4.3% Indeed, by 2010, China surpassed the U.S.