The nearshoring phenomenon is a global economic trend that has been going on for decades. The phenomenon is defined as moving a company’s operations to a country that is in close proximity to the company’s home base.
Nearshoring offers many benefits in terms of cost savings, but it also has many drawbacks. It can have a negative effect on wages for local workers, and it can also have an impact on the environment if the process involves bringing in outsourced goods from overseas.
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