Latin America missing nearshoring opportunities

Latin America Is Missing a $72 Billion Opportunity in Nearshoring

One unpredicted impact of COVID-19 is a renewed interest and debate about the world’s dependence on the off-shoring of manufacturing and services to China. As a result, nearshoring has become an attractive possibility for many businesses. A recent survey of supply chain leaders “found that 33% had moved sourcing and manufacturing activities out of China or plan to do so in the next two to three years.”