Mexico Surpasses China as Top US Exporter

The second quarter of the year saw a dramatic shift in global supply chains, with Mexico overtaking China as the top exporter to the US. This shift is largely due to a significant decrease in US imports from Asia, as ocean freight was down by 27% and airfreight plummeted by 50%. This shift towards near-shoring is expected to apply additional strain on infrastructure and labor resources. While this shift brings a shortening of supply chains and a reduction in cycle times, companies are not expected to return to the just-in-time model due to continuing risks and disruptions.

Source: The Loadstar