You've probably heard of nearshoring, a concept that gained traction following the disruption of supply chains during the pandemic and was further fueled by the trade war between the United States and China. The idea is to diversify the logistics chain by locating suppliers closer to consumption centers.

In the case of the U.S.—the world’s largest consumer market—nearshoring is a reality. After more than a decade during which China was the largest supplier of goods to the United States, Mexico became the leading supplier in the first half of 2023, followed by Canada. U.S. imports from China fell by 25% in the first half of the year compared to the same period last year, while imports from Mexico rose by 5.4%.