Nearshoring — North America’s Next Factory
1 Mar 2023
News
The 2020 crisis, compared to the 2008 crisis, had a different impact on the world’s economy and greatly disturbed global supply chains by affecting the three major factory regions: China, Europe, and North America. The crisis initially hit the factories in China, where the COVID-19 pandemic started, then spread to Europe and eventually to North America. The pandemic intensified the ongoing obstruction in global supply chains by making evident their fragility due to their very extensive geographical scope and the difficulties in managing the problem, leading to the relocation of investments in different parts of the world.
Read the complete article from Area Development here.
More Topics
Abundant access to water, for manufacturing and other purposes, has long ranked near the top of companies’ site selection criteria — especially in drought-prone regions. Recent weather and climate trends have made it even more of a vital concern. Industries that withdraw large volumes of groundwater include manufacturing, mining, oil...
The Digital Age is Alive and Thriving
Mar 1 2023You’re either a gamer or you’re not. Regardless of where you fall on the entertainment consumption spectrum, the esports and entertainment industries are evolving at a rapid pace to keep attention locked into our black mirrors.
Today, the gaming industry has its audiences looking through a different scope, one...
The Rich Get (Way) Richer
Mar 1 2023It’s a 17-year timeline, but Amazon Web Services’ choice to bet $35 billion on data center campus development at multiple locations in Virginia counts all the same. Do a little math and the company’s data center investment in Virginia will come to $70 billion over 34 years.
The news...