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Data-Driven Nearshoring Strategies
A Guide for Analytical Procurement Leaders
For analytical procurement leaders weighing nearshoring or reshoring.
Key findings
- Nearshoring is increasingly attractive because of geopolitical tension, inflation, and transportation costs.
- Data-driven supplier discovery helps procurement teams identify viable nearshoring opportunities faster.
- Resilience benefits include lower transportation cost, shorter lead times, and lower inventory carrying costs.
- Veridion positions Complex Search as a way to accelerate supplier discovery and expand the supplier pool.
Overview
What this report covers
A procurement whitepaper on how nearshoring, supply chain diversification, and data-driven supplier discovery can reduce cost, lead times, and inventory carrying costs.
88%of supply chain pros plan to move some suppliers closer to home (Capterra)
25M+suppliers in Veridion’s search database
4–8 hrssupplier discovery that used to take 2–3 weeks
Inside the report
Questions this report answers
- What finally moved nearshoring from a backlog nice-to-have to a must-have?
- Which nearshoring misconceptions quietly cost procurement teams money?
- How do you evaluate locations on labor cost, infrastructure, and logistics with data?
- How did Veridion’s Complex Search return 800+ qualified suppliers in seconds?
- What are the concrete first steps to launch a nearshoring initiative?
88% of supply chain professionals plan to switch some of their suppliers to ones closer to the U.S., and 45% plan to switch all of them.
Contents
What’s inside
- The circumstances that made nearshoring viable
- Demystifying nearshoring misconceptions
- Optimizing nearshoring with data insights
- Complex Search in action
- Your next steps to kick-start nearshoring
Get the report
Read the full 11-page report
Download the full research, ready to reference or share with your team.