Nearshore: A Viable Source for Sourcing
Best regards,
Outsourcing used to be a fairly simple decision. Select an external supplier to provide all or selected services. Soon providers from lower cost locations such as India began offering significantly lower prices, and offshoring those services became a common strategy.
Now firms are questioning the decision. Is it wise to put such a significant percentage of the portfolio of services in a distant country? Recent events in Asia and the Middle East have people re-visiting their options. Are there alternatives for services in closer proximity than offshore providers? Firms have leveraged capabilities in Latin America for decades. The term “Nearshoring” is now used to describe the trend of moving services to locations in another country but closer than offshoring. Offshore savings are still attainable, but are the gaps between India and nearshore options such as Latin America closing? Inflation, high attrition rates in India, the cost of long-distance management and competition have closed the gap.
Just as in other outsourcing selection processes, each organization has unique objectives and there are multiple ways to address them. Our objective is to assist you in finding the right mix of services and locations to balance risk and value while achieving your sourcing objectives. This site is designed to provide practical information to help guide you in navigating through the nearshoring choices available and optimizing your sourcing portfolio. We also have experience in implementing sourcing in nearshoring locations and can assist you.
As the new Chairperson for Nearshoring at Outsourcing.com, I will focus our team keeping you up to date on the hot trends happening in the Latin American and Caribbean nearshoring market. As a sourcing advisory firm, we at ThinkSolutions will also compile useful data from the leaders in the industry and facilitate communication within the marketplace between buyers and sellers of the services through country and services directories and country rankings.
So stay tuned, and let us know how we can guide you on your nearshoring journey.
As the new Chairperson for Nearshoring at Outsourcing.com, I will focus our team keeping you up to date on the hot trends happening in the Latin American and Caribbean nearshoring market. As a sourcing advisory firm, we at ThinkSolutions will also compile useful data from the leaders in the industry and facilitate communication within the marketplace between buyers and sellers of the services through country and services directories and country rankings.
So stay tuned, and let us know how we can guide you on your nearshoring journey.
Best regards,
Tony Mataya
