What does 'near-shoring' primarily focus on?

Near-shoring primarily focuses on outsourcing business processes or production to countries that are geographically close to the business's primary location. This approach allows companies to take advantage of lower labor costs and efficiencies while minimizing challenges associated with long-distance logistics, cultural differences, and time zone discrepancies.

By selecting nearby countries, businesses can often benefit from reduced transportation costs and quicker turnaround times, which are significant advantages compared to other methods like long-distance outsourcing or contracting services from more distant countries. This proximity can also facilitate better communication and collaboration, as teams are more likely to work in similar time frames and cultural contexts.