The global supply chain is being transformed as companies move sources of supply and production closer to home markets to help manage uncertainties, increase resiliency and manage costs. For years, shippers and their logistics providers have been grappling with supply chain disruptions, trade wars and global conflict that have exposed the fragility of extended supply chains and made them rethink their overall network.
Nearshoring can help shippers and their logistics providers mitigate risk and streamline supply chains. The concept of nearshoring is not new, but it remains a contemporary topic.