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Fortune
Fortune
Tristan Bove

Years of global supply chain chaos could be a nearshoring jackpot for the Americas in 2023

Man working on car parts in an assembly plant in Mexico (Credit: Robert Daemmrich Photography Inc/Corbis via Getty Images)

If this year was when companies realized just how difficult it is to rely on China for their business success, 2023 may be the year Latin America steps in to fill that void

Javid Group is an Arizona-based company that helps foreign companies overcome the legal, fiscal, and regulatory hurdles of starting operations there. Before 2022, Javid worked with two or three clients a year. But in 2022, it has worked with six clients setting up shop in the country, and already has four lined up for the first quarter of 2023.

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