The COVID-19 pandemic has caused a lot of discussions on the attractiveness of manufacturing offshoring and outsourcing to the Far East. The prolonged pandemic spread has disrupted supply chains and resulted in delivery delays and increased shipping costs.
In the context of long-term uncertainty, Norwegian companies may encounter strategic challenges of how to hedge supply chain-related risks. Nearshoring and outsourcing within European borders are emerging as increasingly attractive alternatives where Lithuania stands out as a geographically close, reliable, and cost-effective manufacturing powerhouse.
Some advantages of Lithuanian companies behind this trend:
- faster delivery time and lower inventory needs
- competent labor force and greater efficiency
- environmental, social and governance responsibilities
- business-oriented government
If you would like to hear more on how your company can benefit from nearshoring or manufacturing outsourcing to Lithuania,
Join us on Wednesday, 16 June at 10:00 AM Norway time | 11:00 a.m. Lithuanian time