Rethinking Offshoring? Ideas to Consider as Momentum for Nearshoring Builds
After two decades of offshoring manufacturing jobs to low-cost countries thousands of miles away, many organizations in the developed parts of the world are beginning to reconsider that strategy. Even before the U.S. tariffs on Chinese imports and the COVID-19 pandemic, organizations had begun exploring opportunities to return manufacturing operations closer to home — a practice known as ‘‘nearshoring.’’
In this article, Protiviti’s Bernie Donachie and John F. Weber discuss the challenges of outsourcing in the new economy and identify the steps organizations should take when considering a nearshoring move.