Which recent global trend describes companies and countries seeking to relocate manufacturing closer to home markets to reduce supply chain risk?
A
Outsourcing
B
Nearshoring
C
Offshoring
D
Globalization
Correct Answer: Option B — Nearshoring
Explanation:
Nearshoring refers to the trend of relocating manufacturing and supply chains closer to domestic or regional markets, driven by efforts to r...
Nearshoring refers to the trend of relocating manufacturing and supply chains closer to domestic or regional markets, driven by efforts to reduce dependency risks exposed during recent global disruptions.