Procurement Terms
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Nearshoring refers to the practice of outsourcing business processes or services to companies in neighboring or nearby countries rather than to more distant offshore locations. This can benefit companies seeking to reduce costs while maintaining geographical and cultural proximity to their outsourcing partners. Nearshoring can provide advantages such as similar time zones, ease of communication, shared cultural and linguistic backgrounds, reduced travel costs, and faster response times. Common nearshoring destinations include Mexico and Latin America for companies in the United States and Eastern Europe for Western European companies.
Specialism:
Category Management
Procurement Strategy
Sourcing