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What Is Nearshoring and How You Can Benefit from It

TMS

To understand what nearshoring is, first it’s necessary to understand what offshoring is. Offshoring is a common practice nowadays. It is when a company moves its operations or manufacturing to a lower landed cost country. That is a country where it costs less for the company to operate and manufacture products.

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Why the Philippines is a Primary Outsourcing Destination

NoonDalton

Cost Efficient Labor Cost savings are the most alluring advantage of outsourcing to the Philippines. Fewer Legal Hoops to Jump Through and Fewer Management Issues Any country’s regulations, compliance requirements, administrative burdens, tax consequences, and costs are significant when hiring employees.

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10 Big Companies That Outsource to India and Their Struggles

Magellan Solutions

One of them is the low labor cost. The purpose of outsourcing was the movement of work to cheaper labor in Indian markets. It decided to offshore its back-office operations to India. In 2004, Telstra earned the ire of the government and trade unions. General Electric (GE) . American Express (AMEX). Don’t worry!