A report indicates that an increasing number of US companies are moving their supply chain operations to the Americas.
by Web Administrator
Oct 19, 2024 10:40
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.