WDP: Companies increasingly favour nearshoring over offshoring
Real Estate
Nearshoring has gained considerable popularity in recent years as a replacement for traditional offshoring/outsourcing practices, notes logistics real estate expert WDP, identifiying rising geopolitical instability as the main cause. Events such as the global pandemic and geopolitical conflicts created unprecedented disruptions in supply chains, forcing companies to rethink their operational strategies. For example, in 2022 and 2023, 62% more was invested in manufacturing projects in North
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