Nearshoring North America: Supply chain considerations for when closer is better

Download our whitepaper to know why nearshoring is closer than ever and how to choose the right supply chain partner for it.

A 2022 Reuters Events study found that 67% of global retailers and manufacturers changed where they sourced materials due to supply chain disruptions. However, the best business model in the near term will most likely involve building flexibility into the supply chain with a hybrid of nearshoring, reshoring, and offshoring. But before making any changes, one should carefully evaluate every aspect of the decision, starting by asking ‘Why?’ An organization must have a clear understanding of the driving forces behind considering a shift in their sourcing strategy. Is it to mitigate risks, reduce costs, improve lead times, or enhance sustainability? Only after establishing the ‘why’ should one assess factors like production capabilities, labor, taxes, and geopolitical considerations in potential locations.

In this whitepaper find out what to look for in a nearshoring partner who can help connect every component of the supply chain seamlessly. Find below a sneak peek of the whitepaper's contents –

• Shifting global trade
• Your first nearshoring consideration – Why?
• The next step – mapping your supply chain
• Understanding the impacts of change
• What to look for in a nearshoring partner