Supplier Relationships, Key to Effective Nearshoring

According to the World Economic Forum, “Many global manufacturing OEMs have been struggling to find alternative solutions, like shifting orders to secondary suppliers to make up the missed deliveries”, the U.S. in particular sees Mexico as the perfect location for opening more and more production facilities with shorter delivery routes. In the pursue of finding…

Still an Optimal Time to Take Advantage of Supplier Nearshoring

Currently in China, “Zero COVID” policies continue to be implemented that imply extensive confinements. According to The Inter-American Development Bank (IDB), there are estimates that suggest around 79% of US manufacturing companies in China have already started or have plans to relocate part of their operations to North America and Mexico. A big wave of…

Are there Capable Machining Suppliers with Capacity in North America?

Nearshoring is becoming an important initiative for global manufacturing companies that haven’t already established a strong North American supply base. It’s making more sense to “make where you sell and buy where you make” given ongoing freight challenges and shifting economics (mainly labor costs and exchange rates) that have made sourcing to Asia a less…