Nearshoring is here

Companies are seeking the benefits of nearshoring. In the past twelve months, more than one-in-five respondents have brought international sourcing closer to United States. These results are similar to the Grant Thornton Study on Nearshoring, where 25% of respondents indicated they brought sourcing closer to the U.S.

The most frequently cited benefits that manufacturers hope to see in nearshoring are shorter lead times, as indicated by 67% of respondents, and lower inventories (49%). Among other benefits, companies cited better supply chain control (40%) and better overall communication (39%).

Source: Prime Advantage 2013 Outlook Survey.

Prime Advantage is a buying consortium for industrial manufacturers with more than 750 Members and more than 130 Endorsed Suppliers. Canfer Group is a Prime Advantage Endorsed Supplier since 2011.

You can read the full article at:
http://www.primeadvantage.com/companynews/pressreleases/2013-03-PA-Group-Outlook-Survey-PR.jsp

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Markets Served

  • OEM Manufacturing
  • Electrical
  • Appliance
  • Refrigeration & HVAC
  • Automotive
  • Control Panel Assembly
  • Electronic
  • Industrial

  • Packaging Printing Industry
Highlights

  • Supply, manufacturing, converting, assembly and subassembly solutions
  • Over 100,000 square feet of manufacturing facilities
  • Nationwide geographical coverage
  • Capability to export products to any location worldwide
  • Suppliers: leading global brands