Nearshoring is a significant evolutionary trend driven by geopolitical forces, manufacturing costs, shipping costs, evolving shipping route risks, and logistics trends.
For the first time since 2002, the total annual imports from Mexico exceeded the total from China, reiterating the trend toward bringing manufacturing closer to the US.
While this trend could significantly affect industrial space demand across the US, John Chang, Executive Vice President and National Director of Research and Advisory Services, said the impact will be even bigger than that.
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