What is Nearshoring?
Nearshoring is the practice of relocating an organization’s business unit or part of its production to countries closer to their demand location. Nearshoring is adopted by organizations to minimize the risks of supply chain disruptions, provide a stable delivery schedule and maintain optimum inventory levels.
By adopting nearshoring, companies can leverage various benefits including enhanced site visibility, faster transit to market, enhanced quality control, better management of supply chains, and reduced risk of supply disruptions.
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