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McKinsey’s Perfect Storm: Building the Sourcing Model of the Future

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Join McKinsey & Company, NewTimes Group, Arvind Limited, Asmara, Google, Bluesign, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

The economic benefits of investing in nearshoring and onshoring are clear, but are many of these markets ready to take on this increased production?

The short answer is: no.

In order for these regions to scale up, a cluster-based approach is best suited to help those capacities come alive; unfortunately, there’s no clear answer as to who should be investing in those clusters.

As trade and tariff uncertainty continues to roil the supply chain, McKinsey & Company’s Saskia Hedrich and Karl-Hendrik Magnus shared a window into the nearshoring and onshoring decisions sourcing executives are grappling with—and some of the solutions.

Listen to the podcast to learn:

  • What you should be looking at instead of landed cost
  • Where you can find some of these viable clusters, and where more work is needed
  • Why complexity doesn’t have to be a dirty word
  • How the apparel industry can make itself more attractive to private equity
  • Which postponement strategies aren’t being properly leveraged
  • How to avoid having your timelines disrupted while waiting for raw materials
  • Which new technologies are driving development and competitive advantages
  • How sustainability plays into all of this

Magnus will present the first look at the findings of McKinsey’s & Company’s upcoming sustainability report at Sourcing Journal Summit New York on Oct. 17. Register to attend.

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