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    Nearshoring in Latin America : a new home for American textile and apparel companies based in China?
    (Universidad EAFIT, 2022) Pérez Hincapié, Wendy Catalina; Vélez Calle, Andrés
    Although moving operations out of China is expensive, many businesses are considering it because doing business there is becoming more expensive due to rising labor costs and the ongoing threat of intellectual property theft. Other factors driving business out of China include coronavirus pandemic, market volatility, the conflict in Ukraine, the disruption of global supply chains, and fears of a trade war between China and the US, the world's largest importer. Due to this, US businesses have relocated or intend to relocate their sourcing and production operations outside China, utilizing the nearshoring production model. Therefore, the objective of this document is to determine, through a case analysis study, if it is feasible for US companies that specialize in the textile and apparel industry to adopt business processes with a regionalization approach, that is, which can relocate companies from China to Latin America, specifically in countries such as Brazil, Colombia, Mexico or El Salvador. The methodology of this thesis is based on a mixed methods approach. The qualitative methodology includes unstructured interviews with experts from the manufacturing sector and the quantitative methodology includes the collection and statistical documentary analysis of the commercial links between the countries studied and the US, the advantages, and disadvantages in case they are considered a nearshoring destination, as well as the current state of the textile and clothing industries in each of them.