Onshoring, Souring & Eye Opening
The Folly of Finance Orientation
After a decade of rapid globalization, economists say companies are seeing disadvantages of offshore production, including shipping costs, complicated logistics, and quality issues. Political unrest and theft of intellectual property pose additional risks.
In other words, it took economists cheer-leading the offshoring movement a decade after the fact to realize what so many knew intuitively before the fact.
What’s better than quantitative analysis & economic models when contemplating business strategy? A holistic understanding of history, social norms & human behavior.
In other words, offset every economist in your corporate playbook with a sociologist, anthropologist and a few designers & you’ll be good to go.
This post inspired by two recent articles:
