Nearshoring relocates business processes or manufacturing to a nearby country, often sharing a border or time zone.
Unlike offshoring to distant low-cost regions, it balances cost-efficiency with logistical agility, enhancing supply chain resilience by reducing lead times and shipping risks.
Strategically, it enables closer cultural alignment and real-time collaboration, essential for maintaining high quality control in a volatile global market.
See also: Reshoring and Friendshoring