Nearshoring
Definition
Nearshoring refers to outsourcing to a nearby country, preferably a neighboring one or one on the same continent. This enables more frequent travel and face-to-face meetings at a lower cost.
Companies in the United States, for example, that outsource to Canada or Mexico practice nearshoring.
Resources
https://skelia.com/articles/nearshoring-vs-offshoring-vs-onshoring-when-which-and-why/
Other Glossary Terms