IPC International Community magazine an association member publication
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IPC COMMUNITY 18 WINTER 2024 square meters in 2021 6 . This surge in demand reflects a broader shift in production strate- gies as companies seek to balance efficiency with the resilience of their supply chains in a rapidly changing global market. The reshaping of global supply chains toward nearshoring is not only a response to immediate logistical challenges but also a long-term strategic realignment that is playing out in every corner of the world. By reducing dependencies on distant markets and foster- ing regional economic synergies, nearshoring is paving the way for a more interconnected and robust global economy. While the near- shoring shifts have just begun, the full extent of changing trade remains to be seen. References 1. "Mexico is biggest US trading partner in 2023," by Noi Mahoney, Freight Waves, Dec. 13, 2023. 2. "Mexico Attracts Most Nearshoring Opportunities in the Region," by Paloma Duran, Mexico Business News, Dec. 5, 2022. 3. "Mexico awaits 'nearshoring' shift as China boots its direct investment," by Luis Torres and Aparna Jayashankar, Federal Reserve Bank of Dallas, April 14, 2023. 4. "Automotive Sector Fuels Nearshoring Demand," by Hector Soto, Mexico Business News, Sept. 5, 2023. 5. "Re-shoring Dynamics and Impact on Industrial Space," by Philippe Riachi, Daacap, Aug. 23, 2023. 6. "'Nearshoring' accelerates demand for European industrial space as manufacturers move production closer to customers," Manu- facturing & Logistics IT, June 27, 2023.