Resources & Insights

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!

5 Signs It’s Time to Upgrade Your Import/Export Cargo Strategy

• Too many providers in the mix
• Growing pains with current carriers 
• Late freight
• Customs and compliance issues
• Higher spend, lower ROI

What Is a Stevedore? Role, Meaning & Supply Chain Impact

Marine Cargo Insurance: Don't Overlook Essential Freight Protection

• Marine cargo insurance definition & explanation
• Why ocean carriers have limited liability: COGSA
• Types of marine cargo insurance policies

Most shippers assume if a carrier's negligence causes damage to your freight while in transit, they're liable to cover up to a set dollar amount per pound of freight. When the freight is more valuable than what's covered under liability, cargo insurance covers the difference.

But overseas shipping is different.

How to Determine If Your International Shipping Partner Is Financially Stable – and Why Stability Is So Important Right Now

You never want to experience delays. It doesn't matter whether you're shipping domestically or internationally, delays mean missed deadlines, upset clients and lost revenue. However, due to the complex nature of overseas shipping, freight stuck in a port across the globe can prove to be more difficult to get to its final destination than domestic shipments.

Shipping to Puerto Rico: Understand the Current Benefits and Future Opportunities

There's no question Puerto Rico has faced economic hardships for the better part of 30 years. And if you’ve kept up with the news over the past three years, you know in September 2017, the island was hit by two massive hurricanes — Irma and Maria — in less than three weeks. The storms killed more than 3,000 people, left most of the population without power and compounded the island’s already substantial debt and economic crisis.