"The global recession has challenged long-held assumptions about which geographies provide the lowest costs for production. This, combined with the supply chain disruptions experienced during recent natural and man-made disasters, has CEOs re-examining prior decisions about the off-shoring of work," says Miles. Many companies are finding that it makes good business sense to bring work home – or to at least consider what have previously been uncommon places to invest. 2014 is likely to see large numbers of companies adjusting their overseas investments.
"CEOs face no shortage of tough challenges coming into 2014," says Stephen Miles, founder and chief executive of The Miles Group, which advises top CEOs and boards globally. "From our work with CEOs and boards this winter, we've identified the things that are front of mind for them this year."