Globalization Advisory

Compete or Cooperate? Bridging the Nearshore - Offshore Divide

Anupam Govil

Nearshoring is here to stay and the Americas region is brimming with cost competitive and competent destinations, each vying to be the next big thing. But the looming question is, will these contenders co-exist with the larger and more mature offshore destinations or is this a zero sum game? While many had initially dismissed Nearshoring as a niche trend unlikely to compete with well entrenched offshore destinations, the success of many destinations in Central and Latin America in attracting investments, providing quality services and developing the desired mix of skills have proven them wrong. More importantly, the need for de-risking and diversification has propelled Nearshoring as a critical component of global sourcing.

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