Where is the future of contract manufacturing?

The worldwide situation with material shortages and prices, and our environment is a hot topic for discussion and reflection at the moment, also for us. Along the hardships and challenging times, there are positive trends, like many companies deciding to move their production closer to their homes, for example.

We compiled some very relevant reasons why this is happening and our thoughts on the trend in the file below. Why is contract manufacturing moving from Asia back to Europe? The jump to produce goods in low-cost countries made perfect sense at the time, but what are companies thinking about the current increasing costs and risks?

We discussed this topic in a previous article. If you’re interested in streamlining your supply chain, take a read here!