Can reshoring manufacturing stay cost-competitive? Two speakers argue that traditional methods won't work, but Industry 4.0 digital technologies might bridge the gap between domestic production and the prices customers expect.
The question will be, is can we do it at a price point that makes sense? And does that matter? You know, what does that look like holistically? And if you're really looking at it and you're thinking about it from a digital standpoint, I really believe we can get there. But if we're looking at it in the standard way of doing manufacturing and operations, more of an Industry 3.0, I don't know, maybe it's too hard to be there and onshore and be competitive in the market. So time will tell. Time will tell.
Well, and that is a good point, actually. Um, so in order to be effective reshoring, um, your production, Industry 4.0 is going to be critical.
