A new report commissioned by the Consumer Technology Association.
“Building a Resilient U.S. Consumer Technology Supply Chain,” was commissioned by CTA and conducted by Kearney, and shows that moving operations to allied countries and trade partners is feasible – if the right private-sector and public-policy steps are taken now.
Key takeaways:
- The most significant threat to consumer technology supply chain resiliency is dependence on a single geographical area — Mainland China, which leads every other single geographical area in terms of share of the supply chain for consumer technology.
- Completely reshoring technology manufacturing operations back to the United States is simply not practically or economically feasible.
- The U.S. is in a position to grow the contribution of the U.S., allies, and key trade partners from the current 66% to 90% of the American-bound tech supply chain by 2033.
- A multi-geography “team approach” is the best route to supply chain resiliency. This involves embracing treaty allies and key trading partners like Vietnam, India, Canada, Mexico, France, and Germany.
- Public-policy actions that can be taken now to streamline the “nearshoring” and “friendshoring” processes.
The report is $4999, but members can get complimentary access here.
