Above the Fold: Supply Chain Logistics News (February 9, 2024)
Mexico has surpassed China as the leading source of goods imported by the United States in 2023. The value of goods imported by the United States from Mexico rose nearly 5% to more than $475 billion, while Chinese imports tumbled 20%. This shift is likely a result of strained US-China trade relations. Mexico is expected to continue playing a larger role in supply chains, with 88% of US-based businesses reshuffling their supply chains to include Mexican suppliers.
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'Above the Fold: Supply Chain Logistics News' is a series or segment that focuses on the most important and current news in the supply chain and logistics industry. It includes topics such as logistics management, transportation management, and third-party logistics.
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