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Rising wages and recent socio/political developments in Asia are prompting U.S.-based companies to explore the possibility of nearshoring to a nation closer to home: Mexico.
The ports of Seattle and Tacoma want to pool information to address "unprecedented" pressures. Will they be just the first ports to go this route, or the only ones?
Shifting production to Latin America sounds like a can't-miss for companies looking to boost speed to market. Unfortunately, it's not as simple as it sounds.
It's still struggling to regain the manufacturing momentum it had in the early years of the North American Free Trade Agreement. But in the meantime, Mexico may have found an even better way to cash in on NAFTA.