Procurement and operations leaders identify the tax environment and a lack of local skills as the most significant challenges when shifting supplier relationships and supply chains within the US or the wider region.“ Taxes and tariffs certainly are more variable and regulations continue to be unpredictable,” emphasises Mary.
Sustainable procurement considerations As is the case with a growing proportion of modern-day procurement decisions, sustainability is having a big influence on supplier selection and supply chain configuration.
On the plus side, strategic shoring can help reduce an organisation’ s carbon footprint by minimising the environmental impact of its products, with some regions offering particular advantages in this regard.“ Latin America looks attractive due to its abundant natural resources and developed hydropower, which provide about two-thirds of its electricity from clean sources,” continues Mary.“ Being a leader in hydropower, wind, solar and other renewable energies, Latin America could offer significant tax advantages for organisations, making it an appealing region for strategic shoring.”
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