The ups and downs of near-sourcing
1 May 2009
In the latest issue of World Trade Magazine, Neil Shister looks at near-sourcing — a.k.a. nearshoring — and fuel costs.
“In the immortal warning of the Jaws movie poster, ‘Just when you thought it was safe to go back into the water,’ so it is with near-sourcing.
“Last spring and summer,” recalls Charlie McGee, Vice President of International Development for Averitt, “near-sourcing was hot as firecrackers.” The competitive advantages that had been driving U.S. supply chains in a mad dash to China over the previous decade had seemingly all turned sour. Now, though, he’s seen that wave of enthusiasm begin to ebb.”
