Why Supply Chain Nearshoring is Soaring

When talk of global tariffs first surfaced in 2014 — particularly for products manufactured in China — many companies began to examine their supply chain networks to determine if manufacturing overseas still made sense. Global tariffs served as an early alert for forward-thinking companies, and ultimately drove a trickle of movement toward onshoring. Then the global pandemic — and the unforeseen supply chain shocks that accompanied it — further jump-started the move to bring manufacturing back to the U.S., or to its neighbors to the north and south. Continued COVID-related shutdowns in…