(Journal of Commerce)
Near-shoring of manufacturing from China to Mexico, tight U.S. transportation capacity and competition from Amazon as a logistics provider were prominent topics in an annual survey of 27 third-party logistics CEOs sponsored by Penske Logistics and released today.
Seventy- five percent North American CEOs said some of their customers have shifted some operations from China to Mexico. Among the reasons cited are rising China wages, benefits of a shorter supply chain from Mexico to the U.S., increasing transportation costs and Mexican government incentives. Read more here.