US Nearshoring Wave Grows as Mexico Exports Jump Close to Record

URLhttps://www.bloomberg.com/news/newsletters/2023-06
SourceBloomberg
Date Published06/28/2023
Author NameMaya Averbuch

Additional Reshoring Information:

Company/Division name Tesla
Parent companyTesla
Type of work Manufacturing
Reshoring category:Nearshoring
Year reshoring announced:2023
Country(ies) from which reshored:United States Minor Outlying Islands
State(s) reshored to:Mexico
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredTesla Cars
What non-domestic negative factors made offshoring less attractive?Total cost
What domestic positive factors made reshoring more attractive?Lower real-estate/construction cost, Proximity to customers/market
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