The COVID-19 pandemic has highlighted the risks of offshoring, pushing businesses and governments to re-evaluate the current value chains and their regulation. These risks, combined with the erosion over the last decade of the cost advantages of many offshore locations, is driving the need to re-assess the location of our value chains.

Unfortunately, there has been no model or framework to assess how to drive back the nearshoring of activities. In this session, Professor Carlos Cordon proposes a model based on the framework businesses use to make sourcing and location decisions, as well as the research done by academics about value chains.

The conclusion is that there are many opportunities that businesses could take advantage of, given the forthcoming changes in the business context, particularly as consumers expectations are evolving towards higher product variety, customization and instant gratification.

Outcomes

During this event, you will:

• Learn how the factors leading to offshoring decisions have changed over the last decade and the challenges created by those decisions today
• Discover how different governments over the world are incentivizing and changing policies to promote nearshoring
• Explore a model to help on how to make decisions about which activities should be considered as a candidate to bring back from global sources to regional/local source in a sustainable way
• Identify regional/local business opportunities by helping other companies to regionalize/localize their activities and/or sources.

Target audience

This event is useful for executives involved in decisions about where to locate activities, from where to source activities and for those that want to develop business taking advantage of the nearshoring drive