“We are of the opinion that nearshoring is already occurring and that it is accelerating,” said Andrew C. Hecker Managing Port Director and CFO of PortMiami. “It is driven by a number of market forces that will not go away anytime soon.” The pandemic showed that breaks in long supply chains have a much larger effect than on short chains, Hecker contended. As a response to this, he now sees many firms in textiles, apparel, footwear, furniture and appliances, moving to Latin America to shorten their supply chains. Toy-makers Mattel and MGA Entertainment, and apparel firms Nike and Gildan, already moved to Latin America, he exemplified. High oil prices might be a short-lived phenomenon that could be scaled back with increased U.S. […]
Deep reasons that will force nearshoring: PortMiami
Related
Articles & Interviews
A deliberate and inclusive path to influence: The 10th anniversary of the Adrienne Arsht Latin America Center at the Atlantic Council
Over the past ten years, one of the defining...
Articles & Interviews
The secret of success of the Adrienne Arsht Latin American Center at the Atlantic Council: How to build relevance by fostering socioeconomic prosperity
The mission of the Adrienne Arsht Latin American Center...
Articles & Interviews
Ten years of impactful work in the region: The Adrienne Arsht Latin American Center at the Atlantic Council
A decade ago, when the Adrienne Arsht Latin American...