nearshoring

American  

[neer-shawr-ing] / ˈnɪərˌʃɔr ɪŋ /

noun

1. the practice of relocating business operations to a nearby foreign country.

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Example Sentences

The trends of multipolarity, deglobalization and nearshoring all suggest supply shocks will become more frequent.

From MarketWatch

As the world deglobalizes and economic competition between the two superpowers escalates, de Chazal and Mukama describe how access to and availability of resources are becoming ever more restricted and more expensive nearshoring is unavoidable.

From MarketWatch

She is prioritizing macro stability and institutional coordination to secure nearshoring and foreign direct investment inflows that are redefining Mexico’s economic landscape right now.

From Barron's

Congress should approve new tools for economic development, such as those outlined in the Supply Chain Security and Growth Act of 2025, to further the U.S. nearshoring agenda and leverage the island’s potential as a pharmaceutical hub.

From The Wall Street Journal

Industrial projects spurred by 2022’s Inflation Reduction Act have been coming online, buoying demand, with fresh needs for space coming from reshoring and nearshoring.

From The Wall Street Journal