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Emerging Growth Opportunities and Business Models Driven by the Nearshoring Trend

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Frost Radar

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AJY 24.07.03

Future Growth Potential Evolving from Global Supply Chain Shifts

The rippling effect of war tensions has put global supply chains to the test. Persistent looming crises involving geopolitical tensions have forced organizations to shift focus toward building a resilient and risk-proof supply chain. Although the pandemic-induced disruption to supply chains has nearly ended, it has driven a significant change in supply chain and manufacturing operations. Geopolitical chaos, food shortages, price inflation, and impeded international trade situations have exacerbated the risks associated with business continuity. As such, supply chain managers and stakeholders are evaluating the prospect of nearshoring their manufacturing operations to reduce the impact of future disruptions.

Manufacturers are adopting innovative models to compress the value chain and add process flexibility as shorter supply chains can reduce overall production timelines and flexible manufacturing models can address dynamic product demand, thereby enabling consumer satisfaction.

Developed economies are revamping their business operations by bringing them closer to the customer base rather than offshoring while emerging markets are benefiting from the nearshoring trend and creating lucrative business opportunities in their home country.

Table of Contents

Transformational Growth Emerging from Global Supply Chain Shifts

  • Why is it Increasingly Difficult to Grow?
  • The Strategic Imperative 8™
  • Our Megatrend Universe-Overview
  • Our Megatrend Universe-Nearshoring Trend
  • Key Findings
  • Growth Opportunities Critical to Future Success

Ecosystem-Nearshoring Trend

  • Trend Opportunity Overview-Nearshoring
  • Supply Chain Shoring Dynamics-Timeline

Ecosystem-Emerging Business Models Driven by Nearshoring

  • Emerging Business Models-On-demand Procurement
  • Emerging Business Models-Distributed Manufacturing (DM)
  • Emerging Business Models-Nearshoring-as-a-Service

Companies to Action (C2A)

  • Companies to Action-On-demand Procurement
  • Companies to Action-Distributed Manufacturing
  • Companies to Action-Nearshoring-as-a-Service

Ecosystem-Regional Trends for Nearshoring

  • Emerging Regional Hotspots-Latin America (LATAM)
  • Emerging Regional Hotspots-Eastern Europe
  • Emerging Regional Hotspots-Southeast Asia (SEA)

Growth Generator-Trend Attractiveness Analysis

  • Trend Attractiveness Analysis

Growth Opportunity Analysis

  • Trend Opportunity Impact and Certainty Analysis
  • Trend Opportunity Disruption Index
  • Trend Disruption Attractiveness Score
  • Trend Opportunity Growth Index
  • Growth Attractiveness Score
  • BEETS Implications for Nearshoring Trend

Growth Opportunity Universe

  • Growth Opportunity 1-Techshoring
  • Growth Opportunity 2-Factory Management Solutions
  • Growth Opportunity 3-Collaborative Sourcing

Growth Opportunity Analysis-Critical Success Factors for Growth

  • Critical Success Factors for Growth
  • Conclusion

Appendix

  • Our Megatrend Universe

Best Practices Recognition

  • Best Practices Recognition

Frost Radar

  • Frost Radar

Next Steps

  • Benefits and Impacts of Growth Opportunities
  • Next Steps
  • Take the Next Step
  • List of Exhibits
  • Legal Disclaimer
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