Summary
Introduction
Why Is Nearshoring Important?
Nearshoring is becoming a preferred strategy for businesses that want cost efficiency without the drawbacks of offshoring.
The key benefits include:
Lower costs compared to domestic operations while avoiding extreme offshore price gaps.
Geographical proximity allows for easier travel and on-site visits.
Time zone alignment enables real-time communication and faster decision-making.
Cultural and linguistic similarities enhance collaboration and reduce misunderstandings.
Stronger legal and regulatory compatibility, reducing compliance risks.