Emerging Growth Opportunities and Business Models Driven by the Nearshoring Trend

Emerging Growth Opportunities and Business Models Driven by the Nearshoring Trend

Future Growth Potential Evolving from Global Supply Chain Shifts

RELEASE DATE
20-May-2024
REGION
Global
Deliverable Type
Megatrends
Research Code: PF6C-01-00-00-00
SKU: CI_2024_743
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SKU
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$4,950.00
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Description

The rippling effect of war tensions has put global supply chains to the test. Persistent looming crises involving geopolitical tensions have forced organizations to shift focus toward building a resilient and risk-proof supply chain. Although the pandemic-induced disruption to supply chains has nearly ended, it has driven a significant change in supply chain and manufacturing operations. Geopolitical chaos, food shortages, price inflation, and impeded international trade situations have exacerbated the risks associated with business continuity. As such, supply chain managers and stakeholders are evaluating the prospect of nearshoring their manufacturing operations to reduce the impact of future disruptions.

Manufacturers are adopting innovative models to compress the value chain and add process flexibility as shorter supply chains can reduce overall production timelines and flexible manufacturing models can address dynamic product demand, thereby enabling consumer satisfaction.

Developed economies are revamping their business operations by bringing them closer to the customer base rather than offshoring while emerging markets are benefiting from the nearshoring trend and creating lucrative business opportunities in their home country.

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

Our Megatrend Universe—Overview

Our Megatrend Universe—Nearshoring Trend

Key Findings

Growth Opportunities Critical to Future Success

Trend Opportunity Overview—Nearshoring

Supply Chain Shoring Dynamics—Timeline

Emerging Business Models—On-demand Procurement

Emerging Business Models—Distributed Manufacturing (DM)

Emerging Business Models—Nearshoring-as-a-Service

Companies to Action—On-demand Procurement

Companies to Action—Distributed Manufacturing

Companies to Action—Nearshoring-as-a-Service

Emerging Regional Hotspots—Latin America (LATAM)

Emerging Regional Hotspots—Eastern Europe

Emerging Regional Hotspots—Southeast Asia (SEA)

Trend Opportunity Impact and Certainty Analysis

Trend Opportunity Impact and Certainty Analysis (continued)

Trend Opportunity Disruption Index

Trend Disruption Attractiveness Score

Trend Opportunity Growth Index

Growth Attractiveness Score

BEETS Implications for Nearshoring Trend

Growth Opportunity 1—Techshoring

Growth Opportunity 1—Techshoring (continued)

Growth Opportunity 2—Factory Management Solutions

Growth Opportunity 2—Factory Management Solutions (continued)

Growth Opportunity 3—Collaborative Sourcing

Growth Opportunity 3—Collaborative Sourcing (continued)

Critical Success Factors for Growth

Conclusion

Our Megatrend Universe

Our Megatrend Universe (continued)

Best Practices Recognition

Frost Radar

Benefits and Impacts of Growth Opportunities

Next Steps

Take the Next Step

List of Exhibits

Legal Disclaimer

The rippling effect of war tensions has put global supply chains to the test. Persistent looming crises involving geopolitical tensions have forced organizations to shift focus toward building a resilient and risk-proof supply chain. Although the pandemic-induced disruption to supply chains has nearly ended, it has driven a significant change in supply chain and manufacturing operations. Geopolitical chaos, food shortages, price inflation, and impeded international trade situations have exacerbated the risks associated with business continuity. As such, supply chain managers and stakeholders are evaluating the prospect of nearshoring their manufacturing operations to reduce the impact of future disruptions. Manufacturers are adopting innovative models to compress the value chain and add process flexibility as shorter supply chains can reduce overall production timelines and flexible manufacturing models can address dynamic product demand, thereby enabling consumer satisfaction. Developed economies are revamping their business operations by bringing them closer to the customer base rather than offshoring while emerging markets are benefiting from the nearshoring trend and creating lucrative business opportunities in their home country.
More Information
Deliverable Type Megatrends
Author Akshay Menon
Industries Cross Industries
No Index No
Is Prebook No
Podcast No
WIP Number PF6C-01-00-00-00