A Reshoring Movement Spurred by the Pandemic
As supply chains fractured in 2020, U.S. companies and buyers quickly realized that the predominant outsourcing of entire industries and product groupings might not be the optimal strategy. All industries were impacted to some degree with limited access to goods, but none was hit harder than the medical sector when demand for protective equipment and testing supplies reached an all-time high. The U.S. Government quickly took note of this vulnerability and attempted to improve future readiness levels with actions led by the Department of Health and Human Services (HHS).
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