Lesson #654

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Mexico and eastern Europe benefit from ‘nearshoring’ trend

Trucks lined up waiting to cross into the U.S. from Tijuana

March 4, 2024:

If the 1990s and 2000s were about globalization and offshoring, then the 2020s are about "nearshoring." Large companies in the U.S. and western Europe want to bring manufacturing and services closer to home. But they still want lower-cost labor that globalization has provided them. Mexico and eastern Europe are using the "nearshoring" trend to their advantage.

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Carve out

'Carve out' means to make space for something or someone

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Lesson #654

Mexico and eastern Europe benefit from ‘nearshoring’ trend

Carve out

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