Why Made In America Can Help End Supply Chain Issues

 Business owners and consumers alike have experienced the negative effects of supply chain issues recently. The COVID-19 pandemic, inflation, overseas conflicts, and other factors have created the “perfect storm”of events, resulting in higher prices, reduced supplies, and all-around frustration. If you are a business owner or business leader, you know just how devastating supply chain issues have been to businesses across the U.S.

Relying on overseas materials has revealed itself for the flawed approach it is. Obtaining products and supplies from U.S. companies provides innumerable benefits to small and medium-sized businesses. Business owners who buy American-made products can avoid problems caused by overseas supply chain issues, keep manufacturing close to home, and invest in local companies.

Shopping Close to Home Can Benefit Small Businesses

Savvy business owners are taking a close look at where they source products and supplies. Many are changing business operations to prioritize buying “made in America” products. Buying locally benefits the buyer and the seller and strengthens business relationships between local companies.

Shopping close to home may also provide important marketing opportunities. Consider the popularity of the “farm-to-table” movement in the restaurant industry. What many thought was a passing trend has become a mainstay in restaurants nationwide. Customers want food that is delicious, fresh, and supports the local economy. Restaurants want satisfied, loyal customers who keep coming back. Farm-to-table was the ideal solution. 

The farm-to-table movement is just one example of how sourcing products locally can benefit businesses and the customers they serve. Are there similar opportunities in your industry that your business could be taking advantage of? In what areas are you seeing higher prices and lack of supplies? Is there a way to mitigate these issues by shopping closer to home? How can investing in American-made products benefit your company in the short-term and the long-term?

Contact a Naperville Business Law Attorney

Supply chain issues have interrupted business operations, reduced profits, and slowed business growth for small and medium-sized companies both in Illinois and throughout the country. As a business owner or business leader, it is important to remain vigilant for creative solutions to shortages and other supply chain problems. Take some time to consider how buying local could benefit your company and your community.

At the Gierach Law Firm, we understand just how impactful supply chain issues have been to small and mid-sized companies. We provide dependable legal support and outsourced general counsel for businesses so owners can focus on what really matters: growing a successful business. Call our Naperville business lawyers at 630-756-1160 for a confidential consultation to learn more about our services.

Sources:

Bloomberg

Supply and Demand Chain Executive