nearshoring

[neer-shawr-ing]

noun

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

Example Sentences

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.

Read more on 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.

Read more on 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.

Read more on The Wall Street Journal

Mexico has benefitted from “nearshoring” – that is, the relocation of US and Asian firms from China to northern Mexico to bypass punitive US tariffs on Chinese exports.

Read more on BBC

The triangular relationship between the US, China and Mexico is behind the buzzword in Mexican business: nearshoring.

Read more on BBC