Nearshoring for Business: Definition, Benefits, How It Works, and Pitfalls.
Nearshoring for Business: Definition, Benefits, How It Works, and Pitfalls Nearshoring is the practice of moving business operations closer to home. It involves outsourcing certain functions or services to a location that is geographically close to the company’s headquarters. Nearshoring can help companies reduce costs, increase efficiency, and gain access to valuable local resources. In this article, we will discuss what nearshoring is, its benefits and drawbacks, and how it works. What Is Nearshoring? Nearshoring is the practice of relocating certain business functions or services to a country or region that is geographically close to the company’s headquarters. It is…