National Institute of Standards and Technology | The Importance of Domestic Supply Chains @NIST | Uploaded January 2023 | Updated October 2024, 1 day ago.
Domestic manufacturing was underestimated for a long time, and to some degree it still is. Many small businesses have been challenged with getting product out through the pandemic. Manufacturers have experienced issues with affordability, material availability and lead times that are stretching out not weeks, but months. Are there domestic sources so manufacturers can respond quicker and work closer proximity wise to avoid being hinged on things that need to come in from Asia or even Europe. Having domestic supplies is extremely important from a quality standpoint because you can readily assess quality level of the componentry you're obtaining. If manufacturers have a weak supply chain, then it impacts their customers as well as impacting their business. World events show why it's very important to have domestic production here in the U.S, because at any point in time, geopolitical factors, macroeconomic factors can really change the landscape.
Domestic manufacturing was underestimated for a long time, and to some degree it still is. Many small businesses have been challenged with getting product out through the pandemic. Manufacturers have experienced issues with affordability, material availability and lead times that are stretching out not weeks, but months. Are there domestic sources so manufacturers can respond quicker and work closer proximity wise to avoid being hinged on things that need to come in from Asia or even Europe. Having domestic supplies is extremely important from a quality standpoint because you can readily assess quality level of the componentry you're obtaining. If manufacturers have a weak supply chain, then it impacts their customers as well as impacting their business. World events show why it's very important to have domestic production here in the U.S, because at any point in time, geopolitical factors, macroeconomic factors can really change the landscape.
