As seen in SupplyChainBrain
Nearshoring, considered a cost-effective solution for businesses seeking both cheaper labor and faster supply chains, has taken on new complexities in the current global climate.
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“One of the key advantages of nearshoring is the potential to shorten lead times. By moving production closer to home, companies can bypass long ocean freight routes and avoid the unpredictability of international shipping, involving skyrocketing freight costs and port disruptions”, says Ken Cochran, Managing Director at A&M CRG.