Manufacturing nearshore doesn't have to mean you give up sourcing components in Asia. On the contrary, you may be able to save a great deal of money by utilizing both Asian suppliers and nearshore factories.
So, we're currently wandering around in the middle of the U.S.-China trade negotiations (or lack thereof). However, even before these products were subjected to new regulations, many companies were beginning to diversify their supply chain by transferring production to other Asian countries such as Vietnam. The Eastern Hemisphere has most recently...
Once the decision has been made to manufacture outside of the United States, the next major question that needs to be answered is: if not here, where? China has long since been the default answer for many companies, but with increased tariffs, rising labor rates and lengthy transit time, some are considering nearshore as their first choice and for...