In the wake of a world grappling with rising labor costs and geopolitical tensions, nearshoring has become an increasingly popular supply chain strategy.
From electronics to aerospace, Malaysia's growth potential is unmatched, offering strategic benefits across multiple industries.
The nuanced interplay of economic policies, trade agreements, and regulatory reforms is driving supply chains to nearby shores.
Southeast Asia is taking the lead in building up its status as a nearshoring hotspot.
Leveraging renewable energy sources, nearshoring hubs are contributing to a cleaner and more sustainable manufacturing and distribution process.
In a new era of “re-globalization”, economic integration is expanding to new markets and reshaping supply chains through nearshoring and multi-shoring.
Nearshoring first gained ground as a way to mitigate disruptions caused by the pandemic and trade tensions. Now technology is driving a long-term shift.
Southeast Asian countries are capitalizing on local expertise and multilateral trade treaties to leverage new opportunities as a Plus One region.
China’s slow recovery is costing the country its market share in some containerized import markets as reshoring and friend-shoring find traction.
Companies are bringing supply chains closer to home as a key strategy to build more diversified, flexible supply chains.
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