Beginning in the 1980s, the United States led a massive globalization effort. Free Trade was the mantra of choice and ideas like Michael Porter’s classic, “The Competitive Advantage of Nations” flourished. Global wages grew, poverty fell dramatically, and hunger was surely being eliminated. Mankind certainly had entered the golden age! Correct? Wrong!

Wrong—because globalization has had several unintended side effects and also because it has not resolved some of the most pressing supply chain issues. This is not to say that globalization is the wrong answer, on the contrary, globalized supply chains have benefited the world and certain economies dramatically. The only problem is, as is often the case, one size does not fit all and a globalized supply chain is not the solution to all our manufacturing ills.