After the pandemic snarled global supply chains, the Russia-Ukraine war caused further disruption—including by sharply raising transportation costs. This is why companies that have outsourced production and rely on supply lines that extend across the globe are looking more seriously at “nearshoring” to move supplies and production closer to factories and customers. Nearshoring can not only improve supply-chain resilience, but also save on transportation costs, and help companies meet demands for ESG performance. There are important trade-offs to consider, and our Nearshoring Checklist can help you determine if nearshoring fits your company’s needs.
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