The disruption associated with COVID-19 has challenged the resilience of manufacturing supply chains across the globe and is set to accelerate a trend towards regional supply chains and nearshoring, according to Savills. The creation of alternative manufacturing locations has the potential to shift trade flows and, in turn, the dynamics of the global industrial and logistics market.
“The U.S.-China trade war had already started to re-shape global manufacturing and supply chains and boosted trade in other parts of the world, such as Mexico and Vietnam,” said Paul Tostevin, director, Savills World Research. “The Covid-19 pandemic however has now turned supply chain resilience into a global, increasingly politicized, issue, with countries including France, Japan and India all making calls for more economic self-reliance.”
Savills has identified the manufacturing nearshoring potential of countries that are, or in close proximity to, major consumer markets. The Savi
