Hynes Industries Blog Port Strikes and Supply Chain Strains: Why It’s Time to Reassess Your Supply Chain Strategy

Offshoring manufacturing has become increasingly expensive - and risky - and companies have found that the initial allure of lower labor rates for manufacturing abroad have had years of recurring and compounded inflationary cost increases due to hikes in labor costs, increased cost of living expenses, large swings in commodity prices, and unpredictable tariffs.  As a result, manufacturers are being forced to pay hidden costs that were never accounted for.