Companies are seeking the benefits of nearshoring. In the past twelve months, more than one-in-five respondents have brought international sourcing closer to United States. These results are similar to the Grant Thornton Study on Nearshoring, where 25% of respondents indicated they brought sourcing closer to the U.S.

The most frequently cited benefits that manufacturers hope to see in nearshoring are shorter lead times, as indicated by 67% of respondents, and lower inventories (49%). Among other benefits, companies cited better supply chain control (40%) and better overall communication (39%).

Source: Prime Advantage 2013 Outlook Survey.

Prime Advantage is a buying consortium for industrial manufacturers with more than 750 Members and more than 130 Endorsed Suppliers. Canfer Group is a Prime Advantage Endorsed Supplier since 2011.

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http://www.primeadvantage.com/companynews/pressreleases/2013-03-PA-Group-Outlook-Survey-PR.jsp