Pandemic-era bottlenecks, soaring geopolitical tensions and other factors have ushered in a new era of globalization as manufacturers bring production closer to where their products will be consumed and create lower-cost, more resilient supply chains. South of the U.S. border, Mexico’s nearshoring boom presents a treasure trove of opportunities as demand for material handling and logistics solutions grows. BY DAVID ...
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Mexico’s Nearshoring Numbers
By the Numbers No. 1 Mexico’s standing as the leading source of U.S. imports after overtaking China in 2023 $475 billion Value of goods imported into the U.S. from Mexico last year $798 billion Total value of U.S.-Mexico trade, making Mexico the largest trading partner of the U.S. $36 billion Foreign direct investment in Mexico in 2023 $300 billion Value ...
Read More »Reshoring on the Rise: Manufacturing Returns to the U.S.
Feature Spurred by a desire for greater supply chain resilience, companies are increasingly reshoring and investing in new and updated manufacturing operations in North America. BY SARA PEARSON SPECTER For the past decade, global management consulting firm Kearney has produced an annual Reshoring Index report to uncover the mindset of top U.S. executives surrounding reshoring. This year—for the first time—the ...
Read More »The Reshoring Rebound
BY THE NUMBERS According to Kearney’s annual Reshoring Index, U.S. gross manufacturing output rose at a faster pace than the U.S. manufacturing imports from 14 Asian low-cost countries and regions, resulting in a positive score. The U.S. manufacturing import ratio was as follows: The Kearney Reshoring Index found that, among the CEOs surveyed: 96% report they are evaluating ...
Read More »Supply Chain Leaders’ Strategies: How to Survive and Thrive in a COVID-19 World
BY CAROL MILLER, MHI VICE PRESIDENT OF MARKETING AND COMMUNICATIONS Supply chain disruptions took on a whole new dimension in 2020 with the emergence and worldwide spread of COVID-19. The simultaneous challenges of overseas supplier shutdowns, domestic shelter-in-place mandates, and an unprecedented uptick in demand for the basics initially left the world’s supply chains reeling. Here, nine supply chain leaders ...
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