In global supply chains, "on-shoring" and "near-shoring" strategies have virtually eliminated the risk and expense of transporting goods vast distances.

Question

Quizplus · Accepted Answer

On-shoring and near-shoring strategies involve moving production closer to the end market or sourcing from nearby countries to reduce transportation costs and risks. However, they do not completely eliminate these risks and expenses. There are still various factors such as infrastructure, labor costs, trade barriers, and geopolitical risks that can affect the efficiency and feasibility of these strategies.

In Global Supply Chains, "On-Shoring" and "Near-Shoring" Strategies Have Virtually