Nearshoring

Business strategy that involves relocating business processes or production closer to the company's home country, rather than outsourcing to distant countries. This approach is often used to reduce costs, improve supply chain efficiency, and enhance communication and collaboration due to geographical proximity and similar time zones. Nearshoring primarily benefits companies looking to optimize operational efficiency and reduce logistical complexities while maintaining a degree of cost savings.

Nearshoring was discovered on May 24th 2021 and it currently has a search volume of 22.2K with a growth of +208%.