POST-COVID RUSH TO NEARSHORING TEMPERED BY WEAK CAPACITY AND CHINESE EXPERIENCE, SAY EXPERTS
January 30th, 2024
Predictions that a post-pandemic surge in nearshoring would follow clothing brand fears about volatile supply chains have only been partly realised. Inadequate advances in automation, limited raw material supplies, lack of appropriate infrastructure and persistent high costs have limited the ability of many near-sourcing industrial hubs close to Europe and north America to grab market share from Asia.
Instead, a mixture of supply chain sources appears to be the go-to option for many brands as “companies no longer put all their eggs in one basket,” Beth ...
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