Will the coronavirus increase localization of supply chains and manufacturing?

May 26, 2020
Accelerating Materials Innovation
Markets More...
by Drishti Masand and Michael Holman
Very important

The UAE is using this pandemic to increase and improve its localized industries to become more self-reliant; with the annual production of 30 million masks, this new PPE manufacturing facility will allow the UAE to go from an importer to an exporter after meeting national needs. While localized supply chains would likely increase manufacturing costs and prices for consumers, the security of local production will drive companies to adopt them for at least some products. Clients should look to opportunities from automation to enterprise wearables to analytics that can help bring down the costs of manufacturing in higher-wage countries, as these tools will be more in demand.

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