Beyond fiscal and financial benefits, nearshoring provides significant competitive advantages in terms of operational agility and flexibility. Proximity to the target market allows companies to respond quickly to consumer demand changes and market fluctuations, fostering greater adaptability in production and shorter delivery times. Additionally, nearshoring can serve as a bridge to strengthen commercial and diplomatic relations between neighboring countries, contributing to the economic development of these regions and fostering greater cooperation and mutual understanding.

On the other hand, offshoring involves relocating business or production processes to distant countries, often to reduce costs. Bosch Rexroth's expansion plans in Querétaro, Mexico, with an investment of $239 million to establish a new factory, exemplify offshoring. While this strategy enables companies to leverage cheaper labor and fiscal incentives in distant countries, it presents challenges related to quality control, supply chain coordination, and adaptation to local regulations. However, offshoring offers significant advantages, such as access to global markets and diverse talents that can drive innovation and improve product quality.

Friendly-shoring, a more recent term, refers to relocating production processes to countries offering economic advantages and sharing similar political, economic, or social values. Unlike nearshoring and offshoring, which focus primarily on geographic proximity and cost reduction, friendly-shoring emphasizes alignment of values and principles between the investing company and the host country. This necessitates careful consideration of aspects such as governance, social responsibility, and environmental impact.

An essential aspect of friendly-shoring is its potential for a positive and sustainable impact on the communities and environments where investments are made. Economic development that incorporates the receiving country's environment is promoted by prioritizing investments in countries with practices and policies aligned with the company's values. An example of friendly-shoring is HDF Energy's investment in green hydrogen energy generation projects in Mexico between 2023 and 2024, totaling 2.5 billion dollars, emphasizing the importance of sustainability and innovation in investment decisions.

From the perspective of the commercial real estate market, investors and developers stand to benefit, as multinational companies adopting nearshoring tactics will demand commercial industrial space to establish their production lines in Latin American countries. Assets located in strategic regions and Top-Tier properties are likely to be preferred by occupants. In summary, by choosing to set up operations in Latin America, these companies contribute to local economic growth, creating opportunities for the entire real estate sector.