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Nearshoring Definition

(noun)
definitions

the practice of transferring a business operation to a nearby country, especially in preference to a more distant one


examples

high-tech logistics executives are embracing nearshoring as a strategy to improve their customer service

the nearshoring of manufacturing facilities to Mexico

(verb)
definitions

(of a company) transfer (a business operation) to a nearby country, especially in preference to a more distant location


examples

many capital market firms are starting to nearshore their operations

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