Greenfield foreign direct investment (FDI) into factories in nearshoring locations close to western Europe has also been on an upward trajectory since the Covid-19 pandemic. AdvertisementTo be classified as a nearshoring destination in the study, these 15 countries needed to have at least 25% of their greenfield FDI in manufacturing since 2010 and have attracted at least five FDI manufacturing projects in 2023. AdvertisementMajor economies in CEE have been the main beneficiaries from the move to build out strategic supply chains in Europe. Manufacturing FDI into Romania, Slovakia and North Macedonia all more than doubled in the latest two-year period, compared to 2018/19. While shifting production to markets close to western Europe aims to boost resilience to multinational supply chains, this is not without its pitfalls.

Source: The North Africa Journal February 21, 2024 23:44 UTC