US-Mexico trade growth to remain steady in 2023, bolstered by nearshoring
“…As the new year approaches, cross-border operators and logistics professionals said 2023 cross-border freight flows should remain strong throughout the year, held up by reshoring and nearshoring of manufacturing operations to North America, particularly Mexico.
“I believe cross-border volumes will be resilient and grow year over year in contrast to a sharp decline in U.S. domestic volumes we are currently seeing,” said Jordan Dewart, president of logistics operator Redwood Mexico. “Nearshoring efforts of companies trying to avoid a repeat of the Asia-trans-Pacific fiasco that occurred during the COVID [pandemic] can already be seen.”..”