Good - But good enough?

Hans Hess, President of Swissmem, says that a lot of rethinking needs to be done, not least in respect of supply chains. However, he does not believe in the end of globalisation. Companies must find a balance between being close to customers, costs, and security of production – and 40% of SEF participants agree with him. Supply chains need to be rethought; they need to be more broadly based, and that inevitably includes more warehousing, even if that means a little extra cost. On the other hand, hardly anyone is now thinking about relocating abroad. A good example of this is Jura, the coffee machine manufacturer. In the first few months of 2020, it recorded a 25% increase on the previous year – but this was only possible because the company had several supply chains, so that production could continue even if one of them came to a standstill. Flashlight: Supply Chains

Are you considering relocating one or more locations of your organization abroad after the crisis?

96% No

4% Yes

Results of SEF.Interactive survey – July 2020

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The future is bleak – but not for us