Near-shoring, where the work is done in nearby countries, is becoming less competitive because of rising labor and supply chain monitoring costs.

Question

Quizplus · Accepted Answer

Near-shoring is becoming more competitive due to the desire for closer supply chains, reduced shipping times, and potentially lower costs compared to offshoring to distant countries, despite the rising labor and monitoring costs.

Near-Shoring, Where the Work Is Done in Nearby Countries, Is