This comment is delivered by GlobalData Economists Ollie Brown and Nicolas Orestis Psaroudis The combination of COVID-19, US-China trade warfare, high (but depreciating) global inflation, and exacerbating conflict in Eastern Europe and the Middle East, has instigated dramatic revisions in global supply chains in favour of reshoring and nearshoring. Arguments about whether a definitive deglobalization […]

The 2000s was the golden era of globalization. The idea of interconnectedness across borders held the promise of lowering consumer prices and increasing economic growth by allowing each country to specialize in what it was best at. But the economic part of that equation has taken a few hits lately as free trade has faced […]

Rosemary Coates ·September 17, 2024 · Since the pandemic, many U.S. companies have moved manufacturing out of China and into Mexico. According to the U.S. Department of Commerce, U.S. companies expanding manufacturing and facilities in Mexico have invested over $25 billion. With a new Mexican president taking office in October, will investments in Mexico continue […]

What’s Behind the U.S. Manufacturing Renaissance, and What Does it Mean for the Future? September 15, 2024 JLL In recent years, global economic dynamics, changing geopolitical landscapes and disruptions such as the COVID-19 pandemic have led to a significant shift in manufacturing strategies. Companies that once solely focused on outsourcing production to low-cost regions abroad […]