Moving to Mexico
With all the global supply chain shocks of the last two to three years, supply chain managers are mitigating supply chain risks by increasing supplier relationships where it used to be around 1-2 suppliers to now 3-4 different suppliers.
Not only that, but in 2020, American manufacturers sourced materials from six times more suppliers in Mexico than before.
So, it looks like one of the beneficiaries of recent supply chain woes is Mexico.
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