Understanding the Pros and Cons of Each Strategy and How to Make the Right Decision. In today’s globalized economy, companies have many options for sourcing labor and resources. Two of the most popular strategies are nearshoring and offshoring. Both approaches involve relocating operations to another country, but they have different advantages and disadvantages depending on the business’s needs. In this …
Nearshoring in Colombia: A Growing Trend in Latin America
Nearshoring has become an increasingly popular practice in recent years, as companies seek to reduce costs, improve efficiency, and access a highly skilled workforce. Colombia has emerged as one of the leading nearshoring destinations in Latin America, thanks to its favorable economic climate, strategic location, and talented workforce. Overview of Nearshoring Industry in Colombia Colombia is the fourth-largest economy in …
Nearshoring and why your company should be interested
So far, more than 400 U.S. companies have opted for Colombia to help expand their operations and work teams. This new model of relocation of operations is revolutionizing companies and the way of working worldwide. Oxford Languages defines nearshoring as “the practice of transferring a business operation to a nearby country, especially in preference to a more distant one”, but …
Five benefits of having a Colombian worker in your company
Colombia is positioned among the first options for hiring talent from abroad In recent years, Colombian professionals have been gaining recognition for their high-quality work, education, and professional ethics. This has made them a top choice for companies looking to hire talent or find solutions outside the country. Recently Forbes highlighted Colombia as a “nest” of digital talent because giants …