Denim Suppliers Double Down on the Western Hemisphere [Yahoo! Finance]
SGS SA ADR (SGSOY)
NASDAQ:AMEX Investor Relations:
sgs.com/en/our-company/investor-relations/investor-overview
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Source: Yahoo! Finance
The nearshoring exploration has persisted for several years, with American denim brands and mills turning to Mexico with hopes that the synergies between the two countries will result in a long-lasting, symbiotic sourcing partnership. Greensboro, N.C.-headquartered Cone Denim is betting on that future. The 130-year-old institution, which closed its legendary White Oak mill in 2017, has been operating in Parras and Yecapixtla, Mexico since the mid 1990s. As the appetite for Western sourcing grows, the company is “well-positioned to meet demand in this hemisphere,” president Steve Maggard believes. More from Sourcing Journal Ocean Carriers Establish Direct Asia-to-Mexico Trade Lanes Report: Made in America Here to Stay-But the Reality is Different Than the Dream Mexico's Leading Presidential Candidate Champions Green Energy, Nearshoring Projects “We see interest in nearshoring as brands want to leverage being close to the U.S. retail market to lower their working capital,” h
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