"Come Closer: With Next-Shoring, Proximity to Demand, Innovation, and Talent Are New Manufacturing Imperatives"
Manufacturing companies have always prioritized nearness to supply and demand when developing their siting strategies.
Now new imperatives such as proximity to emerging market demand, innovation, and talent development are rising to the fore. As a consequence, companies are moving past labor-cost arbitrage and operational efficiency to reinvent the manufacturing ecosystem. The name of this new approach? Next-shoring.