The four prerequisites of regionalization

In an article for Industry Week, Hooi Tan, President, Global Operations and Supply Chain, at Flex, discusses how companies are embracing regionalization — the reshoring of select operations to be closer to their end markets — as a cornerstone strategy to fortify supply chains, accelerate time-to-market, and unlock diverse business and environmental advantages.

Hooi discusses one customer’s story to demonstrate the efficacy of strategic localization. Enphase Energy, a global energy management technology company, regionalized part of their operations to improve the delivery of solar microinverters across European markets.

To successfully regionalize manufacturing ecosystems, Hooi argues for careful deliberation and a comprehensive grasp of four indispensable prerequisites of regionalization: footprint/capacity, supply chain dynamics, technology integration, and talent acquisition.

Read his full article here.