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Emerging Growth Opportunities and Business Models Driven by the Nearshoring Trend

Publisher Frost & Sullivan
Published May 20, 2024
SKU # MC18808793

Description

Emerging Growth Opportunities and Business Models Driven by the Nearshoring Trend


Future Growth Potential Evolving from Global Supply Chain Shifts

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 8TM
    • 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 (NaaS)
    • 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 Attractiveness Analysis
    • Trend Opportunity Impact and Certainty Analysis
    • 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 2-Factory Management Solutions
    • Growth Opportunity 3-Collaborative Sourcing
    • Critical Success Factors for Growth
    • Conclusion
    • Our Megatrend Universe
  • Best Practices Recognition
  • Frost Radar
    • Benefits and Impacts of Growth Opportunities
    • Next Steps
    • Take the Next Step

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