Definition of nearshoring in English:

nearshoring

noun

mass noun
  • The practice of transferring a business operation to a nearby country, especially in preference to a more distant one.

    ‘high-tech logistics executives are embracing nearshoring as a strategy to improve their customer service’
    ‘the nearshoring of manufacturing facilities to Mexico’
    • ‘Because nearshoring partners live in regions closer to home, they often have a greater familiarity with English and with American culture.’
    • ‘The move is aimed at boosting the company's nearshoring strategy in Europe.’
    • ‘Nearshoring combines many of the benefits of offshoring and reshoring.’
    • ‘As a result of this trend of nearshoring by European firms, Indian services providers have started to set up delivery centers.’
    • ‘More western companies will be turning to nearshoring as they come under pressure from factors arising from politics and the changing cost-benefit dynamics of labor versus transportation.’
    • ‘He positions the company's technology as an alternative to physical nearshoring and offshoring of tasks and jobs.’
    • ‘In fact, demands for reduced cycle times provide an incentive for nearshoring or onshoring.’
    • ‘If you use nearshoring, you can often work in the same time zone as your outsourcing partner.’
    • ‘Whether it's offshoring or nearshoring, he knows what it takes to make a global collaboration work.’
    • ‘When I started with nearshoring about 8 years ago, I believed in process.’

Origin

Early 21st century: on the pattern of offshoring.

Pronunciation

nearshoring

/ˈnɪəʃɔːrɪŋ/