The Near-Shoring Trend: Will China’s Loss Be Mexico’s Gain?

2021 could be “a marquee year” for Mexican industry, as mid-sized shippers look to reshore manufacturing back to the western hemisphere.

By Robert J. Bowman, SupplyChainBrain

RIO DE JANEIRO, BRAZIL - As a favored source of low-cost manufacturing for U.S. markets, Mexico seems to come and go.

The formation of maquiladoras, factories mostly located in areas close to the U.S. border, kicked off an era of vibrant manufacturing activity in Mexico in the 1960s. For years afterward, they churned out large volumes of components that could be exported to the U.S. duty-free. By the late 1990s, the maquilas were employing more than one million Mexico workers. Further spurring production in Mexico was the launch of regular double . . .

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