At the World Manufacturing Forum 2014, which commenced today in Milan, Italy, it was argued that the concept of next-shoring is well and truly taking place. But it is not occurring, as many people surmise, due to increasing labour costs in developing markets.
Instead, as was illustrated at the Forum by Katy George, a Director at McKinsey & Company in the US, next shoring is taking place primarily due to innovation but also because of a desire to be close to demand, driven by a need to be responsive to satisfy an appetite for product variation. However, in…
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