American companies are nearshoring at a rapid rate and where China loses, Mexico gains

Trade & Border IssuesHot Spots
Written By Jennifer Joslyn

🇲🇽 American companies are nearshoring at a rapid rate and where China loses, Mexico gains.

The U.S. supply chain issues have forced companies to reconsider their sourcing and operations strategies and many have decided to bring everything back close to the chest. Those who aren’t bringing their business back to domestic soil are taking a long look at America’s southern neighbor, Mexico. The momentum of the near-shoring trend could be the opportunity of a lifetime for Mexico as U.S. companies begin to invest in facilities in the Latin American country. Mexico would be wise to capitalize on the tensions between China and the United States.

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Jennifer Joslyn
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