Puerto Rico Industrial Report, H1 2022

The first half of 2022 saw the Russian invasion of Ukraine and a dramatic deterioration in Sino- U.S. relations. This has forced nations and corporations to re-evaluate their supply chains even more than COVID did. As a result, many firms are choosing to re-shore their supply chains, or at the very least, move from a global to regional supply system. As a U.S Territory; Puerto Rico will benefit U.S Based corporations as a low-cost manufacturing and service alternative.

This trend is only beginning to emerge, and it is expected that, as global tensions rise, supply chains will shorten. Leading to increased demand across all submarkets in friendly, highly qualified territories - such as Puerto Rico. Specifically, the defense and healthcare are sensitive and critical industries that could come under increased scrutiny. These industries will need to reassure shareholders, politicians, and customers alike that they can continue to operate in a more complex geopolitical environment. While both industries are long established in Puerto Rico; they will continue to be drivers of the local economy and absorb industrial inventory.

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