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


Related News

What Do You Mean By Humanitarian Logistics?
What Do You Mean By Humanitarian Logistics?

2832 Views

The word logistics is usually linked to the supply chain of a commercial business. It involves commercial goods, their transportation, warehousing, and redistribution. The logistics of relief goods, rescue equipment, relief infrastructure, aid workers, and victims in case of a disaster are referred to as humanitarian logistics.

 

WHAT ARE THE MAIN CAUSES OF DEMURRAGE AND DETENTION
WHAT ARE THE MAIN CAUSES OF DEMURRAGE AND DETENTION

4248 Views

There are several reasons a container(s) can incur demurrage and/or detention or combined demurrage and detention.

Here are some of the major causes for demurrage and detention.

1. Delays due to incorrect documentation

2. Delays due to late receipt of documents

3. Delays due to loss of documents

4. Delays due to customs clearance or cargo inspection

5. Delays due to release of cargo at destination

6. Delays due to receiver being unreachable


Comment
  • Your review
main.add_cart_success