The rise of geopolitical tensions between the U.S. and China, the Covid pandemic, and, most recently, the Russian invasion of Ukraine have led to a growing interest in the U.S. in building more resilient supply chains and promoting so-called “nearshoring” or “friend-shoring” — the relocation of U.S. manufacturing from China and other rivals to regions considered more politically secure, in an effort to reduce economic reliance on geopolitical competitors.
In this context, a growing number of analysts have argued that the potential reordering of value chains provides an opportunity for Latin America to attract greater U.S. investment.
According...
