A recent business mindset has rapidly started to gain momentum that reverses the idea of reducing your production costs by off-shoring development and manufacturing work to overseas contractors. As some companies investigate nearshoring production back to North America, they are finding the actual overall landed costs of products did not achieve the cost reductions with off-shore production. Due to steadily increased wages in many countries used for off-shoring work, as well as surprise fees not entirely known at the start of production, we have received multiple inputs from customers that saw their overall product costs increase.
A solid trusting business relationship is the foundation needed to reduce risk when contracting your product development and manufacturing. By nearshoring with NEOTech, you’re able to build on that foundation working closely with our teams in close proximity to your operations, with no hidden fees or taxes, and who value your product as much as you do.
Please see an interesting article that supports the advantages of nearshoring your product production – Article
Please download the following document that explains the advantages of nearshoring with NEOTech