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KPMG survey shows uncertainty and regulation play a critical role in strategic supply chain decisions.
- 81% of executives anticipate that the majority of their U.S.-serving supply chains will be located in the Americas once strategic shoring shifts are completed.
- 66% of executives cite political and economic uncertainty as key reasons prompting supply chain re-evaluations.
- 64% of business leaders consider indirect taxes, government grants/incentives, and transfer pricing rules at the outset of strategic shoring decisions.
Business executives are strategically reshaping their supply chains to achieve greater efficiencies, according to a new report—The Proximity Premium—released by KPMG LLP, the U.S. audit, tax and advisory firm. Nearly three-quarters of business executives report that strategic shoring has successfully enhanced supply resilience and operational agility.
The globalized and long supply chains have proven vulnerable to disruption. This vulnerability, coupled with geopolitical and ongoing economic uncertainty, are driving businesses to draw their supply chains closer to the Americas to better serve the U.S. market, according to 76% of the survey respondents. Why? To reduce lead times, diversify supply, maximize access to talent and minimize risk.
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