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.
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.