A KPMG survey indicates that by 2025, the share of U.S.-serving supply chains in the Americas will increase from 59% to 69%. The U.S.’s share is expected to decline from 62% to 44%, while Canada will drop from 39% to 30%. Conversely, Mexico’s share is projected to rise from 27% to 36%, overtaking Canada as the second-most favored nearshoring destination. Companies are shifting towards localized supply chains to enhance resilience after disruptions like the COVID-19 pandemic, moving away from globalized sourcing strategies.

Source: https://www.supplychaindive.com/news/nearshoring-supply-chain-shift/729994/