The Great Nearshoring Shift: A Smarter Business Strategy for the Americas
Conventional wisdom often requires reassessment, especially regarding the location of major manufacturing and supply chain activities. While partnering with large economies like China once made sense, the evolving global landscape is prompting more U.S. companies to explore closer alternatives like Mexico, bringing nearshoring to the forefront of the supply chain discussion.This week, host Ellen Wood speaks with Jonathan Egan, CEO at FabCast Solutions, to discuss nearshoring from China to Mexico and its strategic advantages. Jonathan delves into nearshoring’s impact on key industries like automotive, aerospace, and high-tech—as well as the promising potential of certain emerging regions for industrial investment. Join us as we discuss:The factors influencing companies to shift their operations from China to Mexico and the role of customer demand in these decisionsComparing the cost of operations between China and Mexico in areas like freight, tariffs, and financingThe skills and technological challenges faced in reshoring manufacturing to the AmericasThe "China Plus One" strategy