General Motors recently built a plant in Toluca,Mexico,leading to a 40 percent savings on production costs when transportation and labor costs were considered together.This is an instance of ______.

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Nearshoring refers to the practice of transferring business operations to a nearby country, often to take advantage of lower costs. In this case, General Motors built a plant in Mexico to save on production costs, which is an example of nearshoring.

General Motors Recently Built a Plant in Toluca,Mexico,leading to a 40