The Resurgence of ‘Nearshoring’: More U.S. Companies May Choose to Manufacture in Mexico
The definition of nearshoring is having business processes such as manufacturing in a nearby country, often sharing a border with the target country. It is becoming a popular choice as many companies begin to favor the close geographical proximity. A closer physical proximity to customers leads to higher customer responsiveness and quicker turnaround time.
Indeed, many discussions in the real estate community regarding the COVID-19 crisis are starting to turn to its potential effects on manufacturing. In speaking with a variety of our real estate clients in both the United States and Mexico, it is clear that many companies are now taking a second look at manufacturing closer to home in Mexico, which could lead to a resurgence in ‘nearshoring.’ Learn more about nearshoring in NAIOP’s Blog authored by EVP, Matt Brady and Director, Andres Galvis, where they discuss the resurgence of nearshoring in a post-COVID-19 world.
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