As the world’s geopolitical challenges worsen and drive complex globalization uncertainties, supply chains will continue to be challenging to manage. To minimize the challenges and risks, businesses are exploring ways to bolster the resilience of their supply chains.
For those organizations that serve the U.S. market, this means looking at North and Central America. Nearshoring is not new for Mexico but, more recently, it has been the transformation of the talent and the technology ecosystem that has been the most important and disruptive competitive advantage compared to Asia.
Key Benefits of Nearshoring to Mexico
- Cost and Liquidity Advantages
- Process and Organizational Advantages
- Growth and Strategic Advantages
- Sustainability and Resiliency Advantages
In this article, A&M Corporate Performance Improvement experts discuss traditional offshore value chain challenges, highlight the benefits of nearshoring to LATAM, and a present a six-stage model to nearshoring design and implementation that organizations can follow to maximize and realize the value of an improved supply chain.
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