Global Sourcing Analysis

Cost is still the biggest criteria when companies decide whether to relocate Top Reasons for relocating 1 2 3 2023 60% -3% Cost saving 2022 63% 2023 39% 10 -2% Risk mitigation 2022 41% 2023 26% -20% Improved logistics 2022 46% and distribution COPYRIGHT © 2023 ARC Consulting. All rights reserved. The decline in the share of may partly attribute to the reopening of China. Companies today, looking back at the challenges posed in recent years, have realized the importance of diversifying their supplier base into more markets to help mitigate potential risks. Many companies reshore or nearshore to strengthen control of logistics by shortening the shipment distance 12

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