https://brazilian.report/opinion/2022/07/12/nearshoring-china-usa/
Oliver Stuenkel
June 12, 2022
The rise of geopolitical tensions between the U.S. and China, the Covid pandemic, and, most recently, the Russian invasion of Ukraine have led to a growing interest in the U.S. in building more resilient supply chains and promote so-called “nearshoring” or “friend-shoring” — the relocation of U.S. manufacturing from China and other rivals to regions considered more politically secure, in an effort to reduce economic reliance on geopolitical competitors.
In this context, a growing number of analysts have argued that the potential reordering of value chains provides an opportunity for Latin America to attract greater U.S. investment.
According to an estimate by the Inter-American Development Bank, nearshoring could add an annual USD 78 billion in exports of…
