Definition of nearshoring in English:
nearshoring
nounˈnɪəʃɔːrɪŋˈnirˌSHôriNG
mass nounThe practice of transferring a business operation to a nearby country, especially in preference to a more distant one.
high-tech logistics executives are embracing nearshoring as a strategy to improve their customer service
the nearshoring of manufacturing facilities to Mexico
Example sentencesExamples
- As a result of this trend of nearshoring by European firms, Indian services providers have started to set up delivery centers.
- He positions the company's technology as an alternative to physical nearshoring and offshoring of tasks and jobs.
- In fact, demands for reduced cycle times provide an incentive for nearshoring or onshoring.
- When I started with nearshoring about 8 years ago, I believed in process.
- Whether it's offshoring or nearshoring, he knows what it takes to make a global collaboration work.
- Nearshoring combines many of the benefits of offshoring and reshoring.
- The move is aimed at boosting the company's nearshoring strategy in Europe.
- More western companies will be turning to nearshoring as they come under pressure from factors arising from politics and the changing cost-benefit dynamics of labor versus transportation.
- Because nearshoring partners live in regions closer to home, they often have a greater familiarity with English and with American culture.
- If you use nearshoring, you can often work in the same time zone as your outsourcing partner.
Origin
Early 21st century: on the pattern of offshoring.