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Mexico has emerged as the US's largest trading partner in 2023, surpassing China. This is in line with a global trend towards nearshoring, with over half (57%) of companies QIMA surveyed reporting that nearshoring is a key part of their supply chain strategy in 2023 and beyond. In Q3 2023, US buyers’ demand for audits and inspections in ...
Sep 1, 2023 · Nearshoring could alleviate some of the stress supply chains feel amid unrelenting activity. If the U.S. adopted nearshoring as Eastern Europe has, it could increase resilience in facing some of ...
- Joe Monaghan
Mar 15, 2024 · The growth trajectory is expected to continue over the coming months, with nearly two-thirds of businesses across the globe—including 54 percent in the U.S. and 50 percent in the EU—saying nearshoring and reshoring are a part of their 2024 supply chain strategy. The quality control and supply chain audit firm noted that U.S. enterprises ...
3 days ago · In an era of constant threat of disruption, nearshoring has moved from a “nice-to-have” to a strategic imperative for global manufacturers. For decades, offshoring was commonplace; companies raced to operate and/or source from the best-cost locations worldwide, relying on a stable, connected global manufacturing landscape and economy.
Sep 23, 2024 · Nearshoring and reshoring present significant opportunities for companies to enhance supply chain resilience, reduce costs, and improve market responsiveness. By understanding the complexities and strategic considerations of these models, logistics and procurement professionals can effectively transition to localized production.
Feb 1, 2024 · A strategic vision encompassing MRO optimization is vital for achieving resilient supply chains and gaining a competitive advantage. MORE FOR YOU New Chrome, Safari, Firefox, Edge Warning—Do Not ...
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Sep 13, 2023 · The shift in supply-chain strategies may elevate ESG considerations and geopolitical risks in investment decision making. As global-supply-chain strategies evolve and geopolitical dynamics shift, nearshoring, friendshoring and reshoring have emerged as key corporate strategies that prioritize supply-chain resilience over immediate cost-cutting concerns.
