Laredo, Texas, is primed to become one of the world’s most important supply chain hubs as companies around the world reduce their manufacturing reliance on factories in China and shift their production to Mexico. This has caused an explosion of trade between the U.S. and Mexico as more than 5.5 million trucks have crossed through the Port of Laredo in 2022 alone.
WSJ explains why Laredo’s strategic location has allowed it to become one of the world’s most important land ports and how it has helped fuel nearshoring.
0:00 Laredo is the hub at the center of a changing global market trend
0:48 How Laredo is part of the larger business strategy of nearshoring
2:33 How Laredo’s strategic location as a land port allows it to continue to grow
4:26 How Laredo is adapting its infrastructure for large amounts of traffic
WSJ Explains
News moves fast, and there’s not always time to untangle the complex forces driving the day’s biggest stories. WSJ Explains breaks down big market moves, business and economic trends, and scientific developments to help you stay ahead of the curve.
#Laredo #Manufacturing #WSJ
