Key Takeaways
- Nearshoring definition: Moving production closer to the consumer market to reduce risks and costs.
- Why it matters: Improves supply chain resiliency, lowers transit times, and reduces shipping..
What Is Nearshoring? Definition, Benefits, and Supply Chain Advantages
Key Takeaways
- Nearshoring definition: Moving production closer to the consumer market to reduce risks and costs.
- Why it matters: Improves supply chain resiliency, lowers transit times, and reduces shipping expenses.
- Industries adopting nearshoring: Automotive, aerospace, retail, electronics, pharmaceuticals, and more.
- Primary benefits: Efficiency, profitability, and adaptability in a volatile global marketplace.
International shipping is, by its very nature, risky business. So many things can disrupt a global supply chain, from sluggish port operations to geopolitical conflict to capacity shortages. Heck, even the weather can set a supply chain off its course, careening toward disaster!
