Nearshoring (or nearsourcing, "nearshore outsourcing") is a concept for the form of outsourcing in which business processes are relocated to locations which are, generally, cheaper and yet geographically nearer. The term was created and copyrighted by Softtek, a Mexican IT company which provides nearshore outsourcing to the US and the European Union. Outsourcing entered the business lexicon in the 1980s and often refers to the delegation of non-core operations from internal production to an external entity specialising in the management of that operation. ... Outsourcing entered the business lexicon in the 1980s and often refers to the delegation of non-core operations from internal production to an external entity specialising in the management of that operation. ...

Nearshoring can also be ranged against offshoring or offshore outsourcing, which imply relocation of business processes to cheaper locations, typically quite far from the parent location. Offshoring describes the relocation of business processes from one country to another. ... This article or section does not cite its references or sources. ...

Major nearshoring destinations for US businesses are Mexico and Canada, and in Western Europe, include Ireland, Eastern Europe and the Maghreb. Motto: (traditional) In God We Trust (official, 1956–present) Anthem: The Star-Spangled Banner Capital Washington, D.C. Largest city New York City Official language(s) None at the federal level; English de facto Government Federal Republic  - President George W. Bush (R)  - Vice President Dick Cheney (R) Independence - Declared - Recognized... Wall Street, Manhattan is the location of the New York Stock Exchange and is often used as a symbol for the world of business. ... A common understanding of Western Europe in modern times. ... Regions of Europe as delineated by the United Nations (UN definition of Eastern Europe marked salmon):  Northern Europe  Western Europe  Eastern Europe  Southern Europe Pre-1989 division between the West (grey) and Eastern Bloc (orange) superimposed on current national boundaries: Russia (dark orange), other countries of the former USSR (medium... The Algerian bay (view from the west). ...

Companies that give preference to nearshore outsourcing over offshore outsourcing are thought to do so for a variety of reasons: One is cultural differences. Arguments in favor of nearsourcing might be simple - shared cultural values and similar mindset. For example, Germans would typically be more comfortable working with a French person rather than with someone from an Asian country, mainly for the stated reason of cultural differences. Western Europeans are accustomed to having greater freedom in applying their sense of humor at work, which is typically unacceptable in Indian or Japanese culture. Japanese culture and language Japans isolation until the arrival of the Black Ships and the Meiji era produced a culture distinctively different from any other, and echoes of this uniqueness persist today. ...

Another point companies have to consider is the commuting time burden. Certain projects demand frequent traveling from both the customer and the provider end of venture. In dedicated centers, special officers are often appointed to manage the engagement, and when the load of change requests becomes unbearable, extensive personal communication is an effective way to clear the path for further development, hence onsite visits, both ways.

Effective over-the-phone and email communication is key to the success of any project, and outsourced projects are no different. So in selecting a supplier resident in a near time zone, may improve the efficiency of day-to-day information exchange. A time zone is a region of the Earth that has adopted the same standard time, usually referred to as the local time. ...

In a different model ArteDigital, a Mexican company provides US entities with virtual development teams. This allows for a company to instantly hire a developer or development team, manage them remotely, upsize and downsize as needed throughout a project’s lifecycle.

Articles

• Nearshoring in Europe. Example of Serbian Nearshoring Company
• Nearshoring to Ukraine. Example of Ukrainian Nearshoring Company
• Offshore Outsource Savings Can Be Elusive, Survey Shows
• Whitepaper: Nearshoring to Atlantic Canada, is it the smart alternative to offshore outsourcing to India?
• Russia as Nearshoring Destination Blog
• Mexico sells itself as 'nearshore' outsourcing hub for US
• Mexico targets US developer jobs
• The Outsourcing of Information Technology Services: A Consideration of Options And Success Factors
• Offshoring to new shores: Nearshoring to Central and Eastern Europe; a report by Deutsche Bank Research