Moving a company’s operations from a country that is located far, to a nearby country is known as nearshoring.
When a more viable option of running an operation located in a far-away country is available in a near country, companies usually go for it.
Nearshoring brings it closer to the organization’s main base. The proximity means ease of access as well as lowered costs.
A company can have more control over the operations with lesser cultural differences between locations.
While offshoring moves a company’s operations to another country where the cost of doing business is less, nearshoring brings it closer to the parent company.
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Disclaimer: The authors’ views expressed in this article do not necessarily reflect the views of Marine Insight. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Marine Insight do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendations on any course of action to be followed by the reader.
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Hari Menon is a Freelance writer with close to 20 years of professional experience in Logistics, Warehousing, Supply chain, and Contracts administration. An avid fitness freak, and bibliophile, he loves travelling too.
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