As American companies recalibrate the risks of relying on Chinese factories to make their goods, some are shifting business to a country far closer to home: Mexico. The unfolding trend known as “near-shoring” has drawn the attention of no less than Walmart, the global retail empire with headquarters in Arkansas, reports The Japan Times.
The contours of global tradeEarly in 2022, when Walmart needed $1 million of company uniforms — more than 50,000 in one order — it...
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