Rising shipping costs and shortages of materials and labor in recent years have exposed weaknesses in global supply chains. Manufacturers must seek local suppliers to avoid the turbulence of overseas shipping.
Velcro Companies has served multiple industries and hundreds of applications for businesses worldwide. We are committed to supporting innovative manufacturers through regional manufacturing sites and engineering, sales and customers service teams. Here are the top reasons why companies need locally sourced products to deliver reliable goods to their customers.
1. Enhanced Resilience and Quality Control
Relying on distant suppliers can make manufacturers vulnerable to supply chain disruptions like port closures and other unforeseen events. Companies mitigate these risks by securing key components and raw materials within their own country or region. Local suppliers improve foresight in lead times, allowing manufacturers to meet demand more consistently and maintain stable operations.
2. Cost Reduction for Better Margins
Overseas suppliers offers lower labor and material costs often offset by logistics expenses, tariffs, and exchange rate fluctuations. Rising fuel and shipping prices have piled on to the cost of transporting goods globally, impacting company margins. Local supply chains reduce or even eliminate these costs, helping manufacturers manage expenses more effectively.
3. Improved Speed to Market
Speed to market is essential for manufacturers as consumers expect shorter lead times and design cycles. Local supply chains allow manufacturers to respond quickly to changes in demand and get products to market on time. This is particularly advantageous for businesses in highly competitive sectors like electronics, industrial and consumer goods. When it matters who goes to market first, local supply chains are the winning strategy.
4. Strengthening Local Manufacturing & Economies
Manufacturers that prioritize local sourcing contribute to regional economic growth by creating jobs, supporting local businesses, and driving innovation within their communities. This localized support improves brand reputation, and creates a healthier business environment for the community.
5. Better Resiliency During A Crisis
Companies with local supply chains can manage challenges easier than those who depend on overseas goods and services. Locally sourced goods help businesses adapt, pivot production, and maintain an optimal business operation during hard times.
Choose Local Suppliers in 2025 to Overcome Adversity
Local supply chains are a necessity for manufacturers seeking stable supply chains, product quality, and improved time to market. By choosing local suppliers, you not only reduce lead times but also support regional economies and minimize environmental impacts.
Make 2025 the year your business chooses local suppliers and strengthens its commitment to sustainability and resilience. Velcro Companies can help companies deliver on their goals for 2025 and beyond, with strategic global locations. Let’s build a stronger, more connected future together.
