Will the coronavirus increase localization of supply chains and manufacturing?

May 26, 2020
Chemicals More...
Sustainable Products and Packaging
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.

For the original news article, click here .

Further Reading

Japan's METI launches CO₂-derived product database to incentivize market adoption

News Commentary | February 19, 2021

Last month, Japan's Ministry of Economy, Trade and Industry launched a public database of CO2‑derived products. The database, called the New Technology Information System (NETIS), is designed to promote the procurement of CO2‑derived products in government tenders. This marks a tangible step in ... Not part of subscription

Walmart's low-cost insulin promises to revolutionize insulin access and affordability for diabetic patients in U.S.

News Commentary | July 02, 2021

Insulin prices are more than eight times higher in the U.S. than in 32 high‑income nations. Insulin's out‑of‑pocket (OOP) costs also continue to rise in the U.S., although net costs to pharmacy benefit managers (PBMs) are dropping. These facts underscore the grim reality for more than 10 million ... To read more, click here.

Chip shortages, the war in Ukraine, and their impact on IoT

Analyst Insight | April 19, 2022

The ongoing chip shortage has impacted many companies that depend on computer chips, from automotive to consumer electronics to companies developing IoT (Internet of Things) products in the spirit of digital transformation. Now, with the ongoing Russia–Ukraine war, the same companies are on the edge... Not part of subscription