Gartner reports 88% of small/medium businesses have already begun nearshoring
🌎 Gartner reports 88% of small/medium businesses have already begun nearshoring.
Nearshoring refers to the practice of moving business operations or manufacturing facilities to a location that is closer to the company's primary market - typically, to a different region within the same country or to a neighboring country. Nearshoring is often seen as an alternative to offshoring, which refers to the practice of moving business operations or manufacturing facilities to a location that is farther away and typically involves outsourcing to a different country. Gartner-owned Capterra, a platform that connects businesses to technology that serves their needs, publishes the study that surveyed 300 U.S. supply chain professionals.
House Republicans are pressing the IRS for answers regarding the delay in processing new claims for the pandemic-era small business tax credit known as the employee retention credit (ERC).
Federal Reserve Chair Jerome Powell and Patrick Harker, head of the Federal Reserve Bank of Philadelphia, visited York, Pennsylvania, to hear the concerns of small-business owners grappling with inflation, high interest rates, labor shortages, and post-pandemic economic challenges.
The article discusses the impact of supply chain disruptions and the potential benefits of nearshoring, particularly in Mexico, for U.S. importers.
IRS Commissioner Danny Werfel has ordered the immediate suspension of new claims for the employee retention credit (ERC), a pandemic-era small business tax break, due to a surge in questionable claims.
Nearshoring, the practice of moving manufacturing operations closer to North America, is unlocking growth opportunities in the less-than-truckload (LTL) freight transportation industry.
Critics continue to question the true cost of President Biden's economic agenda, despite his promotion of "Bidenomics" during his reelection campaign.
The practice of nearshoring, particularly bringing manufacturing back from Asia to the Western hemisphere, is seen as an advantage for American producers.
Nearshoring, driven by trade and political tensions with China, is gaining momentum as U.S. companies invest in minimizing supply chain disruption.
US companies are increasingly embracing nearshoring as a response to the pandemic and tightening sanctions.
U.S. logistics companies Redwood Logistics and BlueGrace Logistics are expanding operations in Mexico as the trend of nearshoring to the country gains momentum.
With Tax Day upon us, small businesses are already struggling with economic growth, and the IRS has not been of much help.
Nearshoring and reshoring are two strategies used by companies to manage their supply chains and production processes.
The trend of nearshoring is on the rise, with American companies increasingly moving their operations to Mexico.
In the recent years, with the rise in interest rates, small businesses have been under a lot of financial pressure.
A new survey conducted by Anvyl has revealed that out of the 400 small businesses (SMBs) surveyed, 25% of them expressed concern about their supply chain strategies for the upcoming year.
Small businesses have been neglected and lacked advocacy in Washington D.C. and the White House.
When small businesses are significantly impacted by burdensome regulations, they may organize and advocate for change.
Walmart is targeting customers who “shop small” by creating Walmart Business, a website that caters to small and midsize companies.
The National Federation of Independent Business (NFIB) is a non-profit organization that represents small and independent business owners.
Once paraded as the best option for cheap labor in the manufacturing sector, China’s workers have become more skilled and less poverty-stricken.
Nearshoring refers to the practice of moving business operations or manufacturing facilities to a location that is closer to the company's primary market - typically, to a different region within the same country or to a neighboring country.
The Owner-Operator Independent Drivers Association (OOIDA) is slamming the EPA over what they’re defining as “unrealistic regulations” for the trucking industry.
While shipping volumes increased, alternatives to the big guys such as UPS and FedEx found their niche.
James Pierson and Adam Andrzejewski penned an opinion piece for Newsweek on the matter, highlighting the pitfalls of the $787 billion appropriated to businesses under the Paycheck Protection Program (PPP).
It remains to be seen long-term, however, the near-shoring trend may reduce the amount of supply chain constraints that have stressed the industry over the past few years.
Due to inflation, supply chain challenges are a top priority to deal with for these mom-and-pop shops.
The U.S. supply chain issues have forced companies to reconsider their sourcing and operations strategies and many have decided to bring everything back close to the chest.
Holiday shopping online was all the rage in 2020-2021, leaving many small businesses in a bind as they struggled to fulfill huge volumes of orders.
Small Businesses are dealing with more strain as warehouse capacity continues to tighten.
Arrive Logistics and BlueGrace Logistics have jumped on the nearshoring bandwagon by opening their first offices in Mexico.