Nearshoring as a Way of Solution for Global Trade

October 2023
Region: Global

Nearshoring arises as a possibility of relocating the production chain to certain countries that are territorially closer to that of the final consumer. In this way, it becomes possible for companies that decide to relocate their production, to benefit from the know-how existing in the chosen territory, from the competitive prices for raw materials.

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This article was originally published in GEOPOL21 SL on October 27, 2023 and is reposted with permission.