Nearshoring

{
  "id": "MLC-T-LOG-000171",
  "term": "Nearshoring",
  "field": "Logistics and supply chain",
  "definition": "The practice of relocating business processes or manufacturing operations to a nearby country, often sharing a border or similar time zone, rather than a distant one. This strategy aims to reduce lead times, improve communication, and lower transportation costs compared to offshoring. For example, a company in the United States might nearshore to Mexico or Canada.",
  "url": "https://mlchart.com/terminology/logistics/nearshoring/"
}