The Rodon Group President Michael Araten shares how American manufacturing is getting a revival from supply chain setbacks.
National Retail Federation President Matthew Shay argues omicron has caused a 'spike in shortages in some categories' due to supply chain disruptions.
According to the Wall Street Journal, shipping rates to the U.S. east coast have increased by $9,000 on average since January 2020. But Araten explained that the American production comeback is caused by the other hidden costs of the supply chain as well. "As we go to an era where we have so much more e-commerce, then you’ve got to be more responsive to your consumer," he said. "And the only way to be close to the customer is to shore the supply chain.""The best case from China, you’re six to eight weeks away," he added. "Here, you’re a week away. It’s just a game-changer."
The Rodon Group is an active member of American Made Matters and the Made in America Movement which represents 20,000 American-sourced companies with a non-partisan effort to support U.S. business.
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