The interest in nearshoring is on the upswing, and it represents a chance at rewards but also new risks. “We want to make sure we are actually creating robust supply chains in the region, that we’re preventing abuses through transshipment, that it’s not just materials coming from China or Vietnam that are getting labels slapped on them” and making their way into the U.S. market, she said.
“I think there’s a real opportunity to build this industry, not just protect it, but grow it, and bring back some of the knowledge and technology we’ve lost over the last 30 years,” she added. “The passion of the folks that are here…is really what drives us to make strides towards better trade policy and better domestic policy.”
Read the article.