Most businesses are familiar with the concept of “on-shore” and “off-shore”. Business is either conducted inside the national borders or by crossing national borders. But when it comes to hiring and expansion, proximity matters.
Nearshore outsourcing, which makes use of contract workers based in countries adjacent to, or at least geographically close to the client’s country, has gathered significant momentum in recent years.
Research by Deloitte illustrates that 59% of companies that outsource can effectively cut their costs, thus improving bottom lines. Of the various outsourcing methods, nearshore outsourcing has seen phenomenal growth over the last few years.