Harnessing the Power of Mexico Nearshoring for Supply Chain Success
The article discusses the impact of supply chain disruptions and the potential benefits of nearshoring, particularly in Mexico, for U.S. importers.
Global Shift Toward Supply Chain Localization and Reshoring Gains Momentum
The global shift towards supply chain localization and reshoring is gaining momentum as geopolitical tensions, trade issues, energy security concerns, and the pandemic have exposed vulnerabilities in the global supply chain system.
FourKites: Nearshoring Shifts Trade Lanes from China to Mexico
Nearshoring, driven by trade and political tensions with China, is gaining momentum as U.S. companies invest in minimizing supply chain disruption.
Growing Nearshoring Trend Intensifies Among US Companies
US companies are increasingly embracing nearshoring as a response to the pandemic and tightening sanctions.
Expansion into Mexico: Redwood and Blue Grace Logistics Extend Operations
Both logistics companies are expanding their operations in Mexico in response to increased demand from shippers.
Reshoring of Production from Asia to North America Accelerates, Report Finds
According to Kearney’s 2022 Reshoring Index, 96% of US CEOs are reshoring, already reshored, or considering it.
Differences Between Reshoring and Nearshoring
Nearshoring and reshoring are two strategies used by companies to manage their supply chains and production processes.
India is the number one replacement for manufacturers pulling out of China
The ongoing trade tensions between the US and China, as well as the border disputes between India and China, have led to a push for diversification of supply chains and a search for alternative manufacturing destinations.
Phillips Industries is increasing its presence in Mexico
While pulling out of China, the U.S.-based products line are being funneled into the 500,000 square-foot manufacturing campus in Arteaga, Mexico.
Asia’s labor cost advantages in manufacturing can be fought with investments in AI domestically
AI can be used to optimize supply chain management, reducing lead times and increasing efficiency in the movement of goods between manufacturing facilities and warehouses.
Best-value country sourcing should consider more than just the cost
While cost is an important factor, there are many other factors that can impact the overall value of a sourcing decision, such as lead time, quality, risk, and sustainability.
El Salvador, Guatemala, and Honduras win $300 million investment in Target infrastructure
The massive retailer is expanding its relationship with vendors in Central America as part of Vice President Kamala Harris’ “Call to Action for Northern Central America”.
Weighing the pros and cons of reshoring
Supply Chain Brain tackles this topic with Dan Dreyfus and Bob Bowman - is this shift toward re-shoring for the betterment of the supply chain?
If you’re looking for low-cost, stop looking at China
Once paraded as the best option for cheap labor in the manufacturing sector, China’s workers have become more skilled and less poverty-stricken.
The complicated mission to restore U.S. mining for battery materials is underway
The U.S. has significant domestic reserves of many of the minerals used in battery production, including lithium, cobalt, and nickel.
As China loses supply chains, other Asian countries step up to take their place
India, Vietnam, Thailand, Malaysia, and Bangladesh are all scrambling to replace China’s top spot as the manufacturing capital of the world after strict Covid-19 policies are sending global companies whirling.
The Reshoring Initiative is reporting the reshoring trend was stronger than ever in Q3
While we’re assuming there’s no conflict of interest in this report, the group is claiming that due to the business decision, 350,000 jobs were announced in 2022.
Mexico welcomes a new Tesla manufacturing plant
Santa Catarina in Monterrey city, the capital of Nuevo Leon state, is to be the home of the newest electric vehicle assembly plant.
U.S. plastic manufacturing is back on the up and up
After twenty years of falling by the wayside, the United States is reclaiming an advantage over China as plastic products are brought back to be produced domestically.
North America’s restoring trend is pulling operations out of China and investing in Mexico
But is it a move that is going to pay off? Mexico incurred an investment of $17.2 billion since January of this year, boasting a growth of 25.5% in comparison to the same time frame in 2021.