The concept of nearshoring — moving production and supply chains closer to primary markets — has gained significant traction in recent years, driven by a variety of geopolitical, economic and environmental factors.

Traditionally, businesses would offshore their manufacturing and supply-chain operations to low-cost regions, often in Asia, in pursuit of cheap labour, but a new era of considerations is shaping decision making. “Natural disasters, the pandemic and geopolitical upheavals have made production and supply chains more vulnerable,” says Evert Castelein, head of Savills IM’s European industrial and logistics business. “As a result, diversification and risk management have become as crucial as efficiency, with nearshoring a major trend.”

A study by the Boston Consulting Group found 67 percent of US executives are currently reshoring production to mitigate risks associated with global supply-chain disruptions. With Donald Trump set to return to the Wh