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Supply chain trends to watch out for in 2023

Logistics Business Magazine

As we close in on the end of the year, supply chain professionals are already planning for what 2023 will bring. While it’s imperative to focus on budgets and business initiatives that will take precedence over the next year, it’s just as important to keep an eye on the big-picture trends that are shaping the industry.

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Private Investors Looking to Capitalize on Nearshoring Trends Turn to Mexico

Blue Grace Logistics

companies opening factories in Mexico, for example, nor investment in private real estate. The nearshoring trend is driving growth at privately held companies looking to expand into Mexico, such as third-party logistics provider BlueGrace Logistics and contract electronics manufacturer MacroFab Inc. That was down from a record $5.6

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2024 Supply Chain Outlook: Industry Experts Weigh in on Opportunities and Challenges

Penske Move Ahead

Q: How will the three big drivers of truck freight — consumer spending, new construction and factory/industrial output — change? New construction will be flattish compared with 2023 as will factory production. The Class 8 tractor forecast calls for about 30% lower sales than 2023’s record level. A: There are four: 1.

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Keeping Things Closer to Home

Blue Grace Logistics

Nearshoring, an idea that was gaining traction before Covid and has exploded since, is the trend of companies moving manufacturing out of China and other Asian countries and into Mexico, where shortened supply chains can ship products all over the U.S. in a matter of a couple of days rather than a few weeks.

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This Week in Logistics News (December 31 – January 6)

Logistics Viewpoints

An emerging trend over the last few years has been “dry January” where people abstain from alcohol for the first month of the year. Shift to EVs triggers auto-factory building boom. Through November, about $33 billion in new auto-factory investment has been pledged in the U.S., As the saying goes, new year new you.

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The Pros and Cons of Decoupling, De-risking and Diversification of Supply Chains

MTS Logistics

A study by PwC found that 66% of surveyed executives anticipate higher supply chain costs as a result of diversifying away from China. Country of Origin 2020 2021 2022 2023 (first 9 months) CHINA 9.80 The underlying logistics regulations, political stability and compliance are biggest challenges. M VIETNAM 1.86 M SOUTH KOREA 901.88

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Cargo Chat: BlueGrace Execs Talk Nearshoring

Blue Grace Logistics

electric car maker to open a $5 billion plant in Monterrey, highlight the growing nearshoring trend.” electric car maker to open a $5 billion plant in Monterrey, highlight the growing nearshoring trend.” “Nearshoring has the potential to boost the growth of Mexican manufacturing exports to the U.S., trillion economy.

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