Is This A Resurgence In Status For Nearshoring?

New data published this month in Logistics Manager magazine has indicated that nearshoring is a strategy that is gaining in popularity – particularly in Europe. In their data, 56% of respondents indicate that they favour “rightshoring” over offshoring to the lowest possible cost location. The Logistics Manager data is focused mainly on manufacturing businesses ensuring that their manufacturing facilities are as close as possible to the end customers while also balancing production costs, but the strategy can be applied equally to other industries. The reason for this is that what is