Management Glossary

  Search Results: nearshoring
Nearshoring is a subset of offshoring, but, whereas with offshoring work may be sent anywhere in the world, with nearshoring the work is done in a nearby country, typically one that shares a border with the country in which the company that is nearshoring some of its functions is domiciled. Nearshoring is typically done to take advantage of some lower costs or unique skills availability, but without the logistic and linguistic challenges that may come with more distant offshoring.
Contributed by: Managerwise Staff
See: offshoring, outsourcing

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