Supply Chain and Distribution

According to a report by Deloitte, transportation companies anticipate that 20 percent of freight originations from Asia will relocate to closer-proximity markets by 2025. Delivery time lagged and transportation costs soared; the cost of shipping a container from China to the U.S. rose some 200 percent during the pandemic. The reasons for shortening the distance between manufacturers and customers are numerous. Reshoring creates an increase in local e-commerce, shortens the delivery times for materials and produces thousands of jobs. Numerous manufacturing companies have already announced a shift to onshoring their operations. (Commercial Property Executive)