Strategies and Benefits of On-shoring and near-shoring

Shipit21 Oct, 2022Other

The trend toward off-shoring gained steam during the 1970s and seemed unstoppable by the '90s. In many industries, it became quite difficult for businesses to stay competitive without shifting their manufacturing overseas. Some major corporations also pressured suppliers to embrace off-shore production, according to The Week. Companies benefited from lower overseas wages and less restrictive government regulations.