The rippling effect of war tensions has put global supply chains to the test. Persistent looming crises involving geopolitical tensions have forced organizations to shift focus toward building a resilient and risk-proof supply chain. Although the pandemic-induced disruption to supply chains has nearly ended, it has driven a significant change in supply chain and manufacturing operations. Geopolitical chaos, food shortages, price inflation, and impeded international trade situations have exacerbated the risks associated with business continuity. As such, supply chain managers and stakeholders are evaluating the prospect of nearshoring their manufacturing operations to reduce the impact of future disruptions.
Manufacturers are adopting innovative models to compress the value chain and add process flexibility as shorter supply chains can reduce overall production timelines and flexible manufacturing models can address dynamic product demand, thereby enabling consumer satisfaction.
Developed economies are revamping their business operations by bringing them closer to the customer base rather than offshoring while emerging markets are benefiting from the nearshoring trend and creating lucrative business opportunities in their home country.
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
Our Megatrend Universe—Overview
Our Megatrend Universe—Nearshoring Trend
Key Findings
Growth Opportunities Critical to Future Success
Trend Opportunity Overview—Nearshoring
Supply Chain Shoring Dynamics—Timeline
Emerging Business Models—On-demand Procurement
Emerging Business Models—Distributed Manufacturing (DM)
Emerging Business Models—Nearshoring-as-a-Service
Companies to Action—On-demand Procurement
Companies to Action—Distributed Manufacturing
Companies to Action—Nearshoring-as-a-Service
Emerging Regional Hotspots—Latin America (LATAM)
Emerging Regional Hotspots—Eastern Europe
Emerging Regional Hotspots—Southeast Asia (SEA)
Trend Attractiveness Analysis
Trend Opportunity Impact and Certainty Analysis
Trend Opportunity Impact and Certainty Analysis (continued)
Trend Opportunity Disruption Index
Trend Disruption Attractiveness Score
Trend Opportunity Growth Index
Growth Attractiveness Score
BEETS Implications for Nearshoring Trend
Growth Opportunity 1—Techshoring
Growth Opportunity 1—Techshoring (continued)
Growth Opportunity 2—Factory Management Solutions
Growth Opportunity 2—Factory Management Solutions (continued)
Growth Opportunity 3—Collaborative Sourcing
Growth Opportunity 3—Collaborative Sourcing (continued)
Critical Success Factors for Growth
Conclusion
Our Megatrend Universe
Our Megatrend Universe (continued)
Best Practices Recognition
Frost Radar
Benefits and Impacts of Growth Opportunities
Next Steps
Take the Next Step
List of Exhibits
Legal Disclaimer
List of Figures- Nearshoring Trend: Trend Analysis, Global, 2023–2032
- Nearshoring Trend: Trend Impact vs. Certainty, Global, 2023–2032
- Nearshoring Trend: Disruption Attractiveness Score, Global, 2023–2032
- Nearshoring Trend: Growth Attractiveness Score, Global, 2023–2032
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| Deliverable Type | Megatrends |
|---|---|
| Author | Akshay Menon |
| Industries | Cross Industries |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Nearshoring Market Trends |
| Keyword 2 | Nearshoring Business Models |
| Keyword 3 | Nearshoring Strategies |
| List of Charts and Figures | Nearshoring Trend: Trend Analysis, Global, 2023–2032~ Nearshoring Trend: Trend Impact vs. Certainty, Global, 2023–2032~ Nearshoring Trend: Disruption Attractiveness Score, Global, 2023–2032~ Nearshoring Trend: Growth Attractiveness Score, Global, 2023–2032~ |
| Podcast | No |
| WIP Number | PF6C-01-00-00-00 |
Emerging Growth Opportunities and Business Models Driven by the Nearshoring Trend
Future Growth Potential Evolving from Global Supply Chain Shifts
20-May-2024
Global
Megatrends
