The ChallengeNearshoring combines the benefits of a local supplier such as proximity and knowledge of the English language with attractive pricing. EU expansion and the elimination of legal hurdles, in particular, make nearshoring an attractive option for many European companies and US-based companies with international offices.
Nearshoring is an attractive solutions approach for companies with projects requiring intensive development time and specialists with deep domain expertise. If companies managed such projects in-house, they would have to allocate coordination and project management resources in addition to qualified professional staff. With nearshoring, however, a company can continue working with an existing solution while simultaneously developing a new one.´
Nearshoring offers benefits such as:
- Geographic proximity allowing flexible local deployment of project team members, particularly during the project’s critical stages
- Similar cultural environment, an identical time zone and the service provider’s knowledge of the local and English languages will result in less yield loss during project management and controlling
- Enhanced client control of project management
- Shorter development times