Will More U.S. Companies Turn to Nearshoring to Diversify Supply Chains in the Next Five Years?

“Nearshoring is no longer just about labor costs. When considering their strategy, companies must factor in where components come from and what logistics costs and lead times are involved. To unlock the lead-time advantage, it’s also critical to have procurement and planning capabilities in place. Without these, companies risk cost increases and they won’t be able to optimize leadtime flexibility,” says Ken Cochran, Managing Director at A&M’s Consumer and Retail Group.