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Manufacturing eNews | November 2023

Reshoring: What is it and its impact on the Manufacturing Sector

The concept of reshoring is especially important for the manufacturing sector. By contrast with offshoring which is the process of transferring or relocating business operations to another country, reshoring is the process of returning the business operations, production and manufacturing of goods back to the company's native country from an international location.

Reshoring - the risks - the bite in returning to Blighty

Although there are often good commercial benefits in reshoring manufacturing, there are also some potential risks and hidden costs to be considered.Existing arrangements with the offshore supplier must be terminated and new arrangements with the new supplier will need to be entered into.

Reshoring and Commercial Property

It is no small task for manufacturers to reshore all or part of their operations. The challenges that face a manufacturer in doing so are numerous. One of the main reshoring logistical challenges centres around the commercial property portfolio from which those operations are going to take place.

Employment and Business Immigration considerations when Reshoring your business affairs to the United Kingdom

Reshoring refers to the strategic decision made by Businesses to bring their operations back to their home country from overseas locations. In essence, it marks the reversal of the popular offshoring strategy that aimed to reduce costs by relocating operations abroad.

Reshoring has gained momentum in recent years due to Brexit, Covid-19, and the desire to reinvigorate domestic manufacturing. The shift allows Businesses to mitigate supply chain vulnerabilities, enhance quality control and foster closer collaboration with both suppliers and customers.

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