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Nearshoring
Case study 1: Mexico
It is evident that Mexico is far and away the largest current player in, and future benefactor from, the expansion of nearshoring in Latin America. Uniquely in Latin America, Mexico shares a 3,122 km long land border with the United States, the world’s richest economy. Mexico, along with Canada, therefore, has unrivalled physical proximity to the world’s economic superpower. This alone offers enhanced and competitive logistics costs, with ample road, rail, maritime, and air routes. Mexico has the world’s third-largest number of airports (2,315), 102 ports, 27,000kms of railway tracks, 365,000 kms of roads, and 40 land border crossings with the United States.
