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What You Want to Know About the Geopolitical Realities and Hands-on Practicalities of Nearshoring

Aside from lingering after effects of the Covid crisis and the lasting shortage of materials, trade routes across the globe are in disarray. The disruption to our global supply chains during the pandemic fueled the idea of ‘nearshoring’ for many companies doing business in/with the United States.

Now with the Panama Canal not being able to run at full capacity and passage through the Suez Canal is being disturbed by pirates and Houti rebels, the logistics of global trade have turned for the worse.

Our panel will discuss the logistical challenges companies are facing today and offer hands-on insights on how to tackle this issue in the short, medium and long term.

Concretely, we will address:

• What is happening around world in the world’s trade routes
> Data points of what is moving where, by whom and how to effectively monitor and plan supply chain in these uncertain times

• Raw Materials – Why is nearshoring and regionalization of supply chains trending right now?
> Significant increase in shipping & logistics costs in addition to existing tariffs
> Clogged ports & delayed/slow shipping & logistics
> Risks related to new geopolitical tensions and other shipping disruptions
> Effect on production (lead time) immediate action points by April/March
– insurance to put suppliers into a safe zone but raises costs (price elasticity in industries with low margins)
– domestic availability and quality is an issue
> Depending on the product, manufactures are looking at EU/Turkey/South Africa

• Finished products
> Shift in consumer behavior, more ‘just in time’ business models that require companies to hold more inventory close to their buyers
> Leveraging Trade Agreements (USMCA & other LatAm, CETA)
> Manufacturing and/or warehousing in LatAm vs Asia

• Looking ahead – What impact is nearshoring having? – Challenges and Opportunities
> What corrective options are available both manufacturers who depend on raw materials and down the value chain
> Nearshoring creating significant opportunities for:
– LatAm companies to become a larger part of the North American supply chain
– European and Asian companies to establish relations and develop presence in Mexico to serve the U.S. market

SPEAKERS:
• Matthew Bock, Managing Partner, BOCK TRADE LAW
• 
Brian Dowd, Senior Vice-President, TRADEWIND FINANCE
• Simon Kaye, President & CEO, JAGUAR FREIGHT
• Frank Kurre, Managing Director, PROTIVITI [Moderator]
• Davide Padovani, CEO, STEELFORCE PACKAGING

TIME:
8:30 – 9:00 AM Check-in | 9:00 – 10:00 AM Program | 10:00 – 10:30 AM Networking

REGISTRATION FEE:

EACCNY Members: Free

EACCNY non-Members: Free

 

Location:
Thompson Hine Offices
300 Madison Ave, 27th Floor
New York, NY 10017

Date

Mar 05 2024

Time

08:30 - 18:00

More Info

REGISTER HERE
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