article thumbnail

Nearshoring to Mexico & The Advantages of the IMMEX Program

Ivemsa

Nearshore manufacturing has remained a hot topic over the past decade, particularly rising in popularity post-pandemic. Since 2020, a rising number of companies have begun to diversify their portfolios or completely move their outsourced operations from China to Mexico. The close proximity to the U.S.,

article thumbnail

How to Overcome the Safety Risks of LPO Offshoring

Magellan Solutions

Meanwhile, onshoring happens when you outsource to a local service provider. And nearshoring is when you outsource to a nearby territory or country. And it also has an edge over onshoring and nearshoring. This is often due to more competitive outsourcing or legal markets. Overcoming the risks of offshoring is easy.

article thumbnail

Canadian Companies That Outsource and Why They Keep on Outsourcing

Magellan Solutions

One of the biggest advantages of globalization is how much easier outsourcing has become. Whether locally, nearshore or offshore, you can now easily find a reliable outsourcing partner regardless of your business size or industry. Even the best Canadian players have taken advantage of outsourcing. Slack Technologies, Inc.