The share of companies making moves to nearshore their production nearly tripled this year, according to McKinsey’s annual survey of supply chain leaders, Axios reports.
“Supply chain resiliency” is still a buzzword in many boardrooms—it didn’t fall away as COVID-related snarls dissipated.
Nearshoring, or moving production closer to the end consumer, is now a bigger priority as many executives try to be more prepared for the unexpected and as geopolitical tensions rise, Enno de Boer, senior partner at McKinsey, tells Axios.
