New Insights on Inter-Americas Supply Chains

New Insights on Inter-Americas Supply Chains

Date: 14/08/2024

Discover how companies are shifting towards regional trade adaptation amid global disruptions.

New Insights on Inter-Americas Supply Chains report

A new report by DP World and Journal of Commerce by S&P Global, Shifting Supply Chains: Navigating the New Inter-Americas Trade, explores the evolving dynamics of regional trade and the strategic recalibration towards stronger inter-Americas supply chains.

This survey-driven report, which polled 100 executives and managers from across the shipping, freight forwarding, and logistics sectors, highlights the significant shift from extended global supply networks to more focused, regional models.

Explore the Realm of Inter-Americas Trade

This complete industry report offers a deep dive into the strategic shifts and economic implications for businesses operating within the Americas.

Strategic Planning: 92% of survey respondents consider dedicated supply chains across the Americas to be increasingly critical to strategic planning, with half considering them “very important.”

Latin American Hubs: Respondents view South America as a burgeoning market for U.S. corporations aiming to streamline operations and enhance supply chain efficiency. 88% said that South America’s market potential is influencing their organizations’ future planning.

Operational Challenges: Fluctuating shipping costs (36%), delays in cargo transit (31%), and customs clearance (15%) as the top three issues causing significant operational challenges.

Nearshoring Boom: The nearshoring boom in Mexico, along with rising industrial activities in Colombia and Costa Rica, underscores a robust shift towards diversifying supply chain operations within the region.

WHY THIS REPORT MATTERS

“The past few years have taught us the critical need for supply chain adaptability and the value of nearshoring. The geographical proximity offered by the Americas is becoming increasingly crucial in our strategic planning, allowing for greater reliability and reduced risk,” said Otto Bottger, Senior Vice President of Commercial Operations at DP World Americas.

The Shifting Supply Chains: Navigating the New Inter-Americas Trade report provides a deeper dive into the operational shifts and broader economic opportunities within the Americas.