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.

Source: marineinsight.com