What is Nearshoring in Logistics?
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.
You might also like to read:
- What is Flexitank in Shipping?
- What Are OEM and ODM In Shipping?
- Understanding Block Stowage In Shipping
- What is Ex-Works in Shipping?
- What Is Dangerous Goods Declaration in Shipping?
- What is Integrated Logistics Management?
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.
Maritime Law You Would Like:
Do you have info to share with us ? Suggest a correction
Latest Maritime Law You Would Like:
Damaged Shipping Containers – Causes And Types
What are Port Services?
How is Management of Empty Shipping Containers Carried Out?
Understanding International Waters: Boundaries, Jurisdiction And Legal Implications
What is Nearshoring in Shipping And Logistics – Advantages and Disadvantages
About Author
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.
Get the Latest Maritime News Delivered to Your Inbox!
Our free, fast, and fun newsletter on the global maritime industry, delivered everyday.