# Nearshoring * **Definition:** The practice of relocating business operations to a nearby country to reduce costs, improve efficiency, and mitigate risks associated with disruptions in the global supply chain. * **Taxonomy:** CTO Topics / Nearshoring ## News * Selected news on the topic of **Nearshoring**, for healthcare technology leaders * 1.1K news items are in the system for this topic * Posts have been filtered for tech and healthcare-related keywords | Date | Title | Source | | --- | --- | --- | | 5/16/2025 | [**Health & Wellness Devices Market Forecast to Surpass Revenues of $900 Billion by 2030**](https://finance.yahoo.com/news/health-wellness-devices-market-forecast-132000785.html) | [[Yahoo Finance]] | | 4/9/2025 | [**How Medtech Companies Can Find Success Amid Changing U.S.-China Regulatory Shifts**](https://www.mddionline.com/medical-device-regulations/how-medtech-companies-can-find-success-amid-changing-u-s-china-regulatory-shifts) | [[MDDI]] | | 4/3/2025 | [**The Future Of Outsourcing: 2025 Perspectives On Global Collaboration - Forbes**](https://www.forbes.com/councils/forbestechcouncil/2025/04/03/the-future-of-outsourcing-2025-perspectives-on-global-collaboration/) | [[Forbes]] | | 4/2/2025 | [**Nearshoring's Tariff Benefits Might Not Be Worth Other Costs - Bloomberg Law News**](https://news.bloomberglaw.com/tax-insights-and-commentary/nearshorings-tariff-benefits-might-not-be-worth-other-costs) | [[Bloomberg Law]] | | 2/3/2025 | [**How time zones impact your work and mental health - Fast Company**](https://www.fastcompany.com/91271947/how-time-zones-impact-your-work-and-mental-health) | [[Fast Company]] | | 1/22/2025 | [**Preparing For The Future Of Nearshoring In The US And Mexico**](https://www.forbes.com/councils/forbesbusinesscouncil/2025/01/22/preparing-for-the-future-of-nearshoring-in-the-us-and-mexico/) | [[Forbes]] | | 1/12/2025 | [**Mexico Plans Nearshoring Incentives to Curb China Imports**](https://finance.yahoo.com/news/mexico-plans-nearshoring-incentives-curb-202550070.html) | [[Yahoo Finance]] | | 12/10/2024 | [**GlobalLogic Recognized as a Leader in Everest Group's Latin America Key Verticals, Value ...**](https://www.businesswire.com/news/aptechnologynews/20241210576635/en/GlobalLogic-Recognized-as-a-Leader-in-Everest-Groups-Latin-America-Key-Verticals-Value-Chain-Elements-and-Nearshore-Delivery-Software-Product-Engineering-Services-PEAK-Matrix%C2%AE-Assessment-2024) | [[Business Wire]] | | 12/10/2024 | [**GlobalLogic Recognized as a Leader in Everest Group's Latin America Key Verticals, Value ...**](https://www.businesswire.com/news/home/20241210576635/en/GlobalLogic-Recognized-as-a-Leader-in-Everest-Groups-Latin-America-Key-Verticals-Value-Chain-Elements-and-Nearshore-Delivery-Software-Product-Engineering-Services-PEAK-Matrix%C2%AE-Assessment-2024) | [[Business Wire]] | | 12/10/2024 | [**GlobalLogic Recognized as a Leader in Everest Group's Latin America Key Verticals, Value Chain Elements, and Nearshore Delivery Software Product Engineering Services PEAK Matrix® Assessment 2024**](http://www.businesswire.com/news/home/20241210576635/en/GlobalLogic-Recognized-as-a-Leader-in-Everest-Groups-Latin-America-Key-Verticals-Value-Chain-Elements-and-Nearshore-Delivery-Software-Product-Engineering-Services-PEAK-Matrix%C2%AE-Assessment-2024/?feedref=JjAwJuNHiystnCoBq_hl-Q-tiwWZwkcswR1UZtV7eGe24xL9TZOyQUMS3J72mJlQ7fxFuNFTHSunhvli30RlBNXya2izy9YOgHlBiZQk2LOzmn6JePCpHPCiYGaEx4DL1Rq8pNwkf3AarimpDzQGuQ==) | [[Business Wire]] | | 12/10/2024 | [**GlobalLogic Recognized as a Leader in Everest Group's Latin America Key Verticals, Value ...**](https://www.businesswire.com/news/beverlyhillschamber/20241210576635/en) | [[Business Wire]] | | 10/7/2024 | [**Is Nearshoring to Mexico Hitting a Wall? MES Offers Solutions for Resilient Supply Chains**](https://www.prweb.com/releases/is-nearshoring-to-mexico-hitting-a-wall-mes-offers-solutions-for-resilient-supply-chains-302245086.html) | [[PRWeb]] | | 10/2/2024 | [**Mexican MedTech Market Forecast to 2028: Nearshoring and Domestic Manufacturing to Drive Future Growth Potential - ResearchAndMarkets.com**](http://www.businesswire.com/news/home/20241002019067/en/Mexican-MedTech-Market-Forecast-to-2028-Nearshoring-and-Domestic-Manufacturing-to-Drive-Future-Growth-Potential---ResearchAndMarkets.com/?feedref=JjAwJuNHiystnCoBq_hl-RLXHJgazfQJNuOVHefdHP-D8R-QU5o2AvY8bhI9uvWSD8DYIYv4TIC1g1u0AKcacnnViVjtb72bOP4-4nHK5ieT3WxPE8m_kWI77F87CseT) | [[Business Wire]] | | 8/18/2024 | [**Four Key Megatrends to Consider for Long-Term Investment**](https://www.msn.com/en-us/money/topstocks/four-key-megatrends-to-consider-for-long-term-investment/ar-AA1p025q) | msn.com | | 8/13/2024 | [**Propelling Growth With Nearshoring, Offshoring And BPO**](https://www.forbes.com/councils/forbesbusinesscouncil/2024/08/13/propelling-growth-with-nearshoring-offshoring-and-bpo/) | [[Forbes]] | | 8/9/2024 | [**Do You Catch Our Drift? Navigating the Waters of Offshoring and Patient Data - Lexology**](https://www.lexology.com/library/detail.aspx?g=37a3dda4-748b-4b16-bac2-1dcc49e677b4) | lexology.com | | 8/6/2024 | [**Fatigue and frustration could hinder Israels attack response**](https://www.politico.com/newsletters/national-security-daily/2024/08/06/fatigue-and-frustration-could-hinder-israels-attack-response-00172885) | [[Politico]] | | 8/1/2024 | [**How Data And AI Are Transforming Healthcare And Surgery Rooms - Forbes**](https://www.forbes.com/sites/forbestechcouncil/2024/08/01/how-data-and-ai-are-transforming-healthcare-and-surgery-rooms/) | [[Forbes]] | | 7/30/2024 | [**Clinical Trial Management System (CTMS) Market size is set to grow by USD 1.86 ... - Le Lézard**](https://www.lelezard.com/en/news-21470699.html) | lelezard.com | | 7/16/2024 | [**United States Healthcare BPO Market Advancements Highlighted by Report Analysis, Size ...**](https://www.whatech.com/og/markets-research/medical/857204-united-states-healthcare-bpo-market-report-analysis-size-share-2024-32) | whatech.com | | 7/16/2024 | [**Medical Affairs Outsourcing Market Growth Analysis and Forecasts 2023-2032 In New Report**](https://www.whatech.com/og/markets-research/medical/857350-medical-affairs-outsourcing-market-growth-analysis-and-forecasts-2023-2032) | whatech.com | | 7/16/2024 | [**Medical Affairs Outsourcing Market Growth Analysis and Forecasts 2023-2032 In New Report**](https://www.whatech.com/og/markets-research/medical/857350-medical-affairs-outsourcing-market-growth-analysis-and-forecasts-2023-2032/amp) | whatech.com | | 7/10/2024 | [**Healthcare BPO Market: $395.3B to $626.6B Growth Forecast (2024-2029) - MarketsandMarkets™**](https://www.globenewswire.com/news-release/2024/07/10/2911104/0/en/Healthcare-BPO-Market-395-3B-to-626-6B-Growth-Forecast-2024-2029-MarketsandMarkets.html) | [[Globe Newswire]] | | 6/28/2024 | [**TruBridge Ranked as a Top Provider by Black Book in Its 2024 Report of Top Client-Rated Financial and RCM Solutions**](https://www.lelezard.com/en/news-21436481.html) | lelezard.com | | 5/31/2024 | [**Smoothening Healthcare Revenue Cycle Management: Addressing Staffing Shortfalls**](https://www.healthtechzone.com/topics/healthcare/articles/2024/05/31/459728-smoothening-healthcare-revenue-cycle-management-addressing-staffing-shortfalls.htm) | healthtechzone.com | ## Topic Overview (Some LLM-derived content — please confirm with above primary sources) ### Key Players - **MES**: A company providing solutions for North American firms facing nearshoring challenges in Mexico. - **BeeSeen Solutions**: A consulting firm that provides guidance on talent outsourcing strategies in the healthcare industry, focusing on nearshoring and offshoring practices. - **MedSource Labs**: A company operating a medical equipment plant in Colombia as part of a nearshoring strategy to bring manufacturing closer to the U.S. - **Scalefocus**: A software development company recognized for its custom IT solutions and strong performance in the nearshoring market. - **SLK Software**: A technology firm investing in nearshore capabilities to enhance service delivery in Latin America. - **DNAMIC**: A nearshoring software development company founded by Arturo Garcia, who has a background in medicine, offering insights into healthcare technology needs. - **Amalga Group**: Offers nearshore Salesforce development services to enhance operational efficiency for businesses. - **Grey Matter Innovationz**: A company specializing in digitalization services and nearshore solutions, particularly in healthcare. - **Biz Latin Hub**: A company providing services to support businesses navigating labor laws and compliance in Latin America. - **Thrive**: A global technology outsourcing provider specializing in cybersecurity, cloud, and IT managed services. - **Cognizant**: Focuses on modernization initiatives for strategic client advantages in healthcare BPO. - **Carenet Health**: A healthcare engagement company that has opened a facility in the Philippines to enhance operational excellence and client service. - **Accenture**: Excels in healthcare BPO by providing comprehensive solutions and optimizing operations through digitization. - **GlobalLogic**: A Hitachi group company recognized for its innovative software engineering services in Latin America, achieving leader status in multiple categories. - **The Methodical Group**: A company emphasizing the importance of staffing models to optimize operations and access top talent. - **Allscripts**: A key provider in the healthcare technology space, focusing on improving billing processes through technology. ### Partnerships and Collaborations - **The Partner Companies**: Opened a production facility in Tijuana, Mexico, focusing on aerospace and defense, reflecting a shift towards nearshoring. - **Carenet Health**: Utilizes a rightshoring model to optimize costs and improve service levels through its new facility in the Philippines. - **GMI-SLK MEXICO**: A strategic investment by SLK Software in Grey Matter Innovationz to enhance nearshore delivery capabilities. - **Hub International Limited and MAS Seguros**: An exclusive partnership aimed at providing comprehensive insurance solutions for clients across North America, addressing the needs of companies nearshoring production. - **Billings Clinic-Logan Health**: Exploring outsourcing of aviation operations for its A.L.E.R.T. air ambulance service to integrate with MedFlight services. - **GlobalLogic**: Engages in strategic partnerships and investments in Latin America to enhance its service delivery capabilities. - **Yempo and Specialist Health Solutions**: Yempo collaborates with Specialist Health Solutions to provide comprehensive recruitment and HR services, leveraging Philippine talent for healthcare outsourcing. - **CMC Global and Databricks**: A partnership to offer advanced data and AI consulting solutions, enhancing IT service delivery for U.S. companies. - **MedSource Labs and Ronex**: MedSource Labs collaborates with Ronex to operate a medical equipment plant in Cartagena, Colombia. - **Carenet Health and Healthcare Organizations**: Carenet partners with leading healthcare organizations to deliver high-touch, high-tech solutions aimed at improving patient outcomes and operational efficiency. - **Thrive and The Longleaf Network**: Thrive acquired The Longleaf Network to enhance service delivery and expand its presence in North Carolina. - **Paratek Pharmaceuticals**: Engaged in a public-private partnership with BARDA to enhance national security and reduce reliance on foreign production. - **EVERSANA and ArisGlobal**: Collaboration to digitize pharmacovigilance procedures, enhancing drug safety and healthcare effectiveness. - **Orbis International**: Partnered with Heidelberg Engineering to enhance telemedicine capabilities for children with retinoblastoma. - **CROs and Pharmaceutical Companies**: Partnerships between contract research organizations and pharmaceutical companies are driving growth in clinical data management systems. ### Innovations, Trends, and Initiatives - **Nearshoring in Healthcare**: A growing trend where healthcare organizations are opting for nearshoring to leverage cultural similarities and proximity, improving communication and operational efficiency. - **Nearshoring Benefits**: Nearshoring offers geographic proximity, cultural alignment, and shared time zones, enhancing communication and collaboration. - **Nearshoring Growth**: The COVID-19 pandemic accelerated nearshoring trends as companies seek to shorten supply chains. - **Nearshoring in Colombia**: Colombia has emerged as a favorable location for multinational brands seeking stable manufacturing options, with over $7.6 billion committed to nearshoring projects since 2018. - **Right-shoring Strategy**: Carenet's strategy combines cost efficiency with access to a talented workforce, enhancing service delivery for healthcare partners globally. - **Nearshoring for Salesforce Talent**: Amalga Group's nearshore model provides access to skilled Salesforce professionals in Latin America, addressing high domestic hiring costs. - **Labor Market Trends**: Rising labor costs in Latin America are impacting nearshoring strategies, necessitating effective workforce planning. - **Carenet's Right-Shoring Strategy**: Aimed at addressing staffing shortages and rising costs while enhancing patient engagement through a new delivery center. - **IVD Contract Manufacturing**: The market is expanding due to the trend of outsourcing production to specialized manufacturers, driven by technological advancements. - **AI Integration in Outsourcing**: The integration of AI into healthcare outsourcing is transforming traditional IT and business process outsourcing, enhancing efficiency and compliance. - **Outsourcing in Healthcare**: The trend of outsourcing services like medical billing and revenue cycle management is rising, driven by the need for cost savings and specialized expertise. - **Healthcare BPO Market Growth**: Expected to grow significantly, driven by the need for cost reduction and improved patient satisfaction through outsourcing non-core functions. - **Digital Health Solutions**: The integration of technologies such as telemedicine, wearables, and robotics in healthcare, particularly in Mexico, to enhance patient outcomes. - **Decentralized Clinical Trials**: The shift towards decentralized and hybrid clinical trials is creating valuable opportunities in the clinical trials market. - **Digital Manufacturing**: The medical device contract manufacturing market is projected to grow significantly, driven by advancements in technology and increased demand for smart devices. - **Healthcare Revenue Cycle Management (RCM)**: Outsourcing RCM is becoming essential for healthcare organizations to manage financial aspects effectively, especially amid workforce shortages. - **Healthcare BPO**: The healthcare business process outsourcing market is growing due to technological advancements like automation and AI, improving efficiency and compliance. - **Technological Advancements**: AI, automation, and managed services are prioritized for revenue cycle investment to enhance performance. - **Healthcare Consumerization**: The rise of self-care and cost-containment in healthcare is creating new opportunities for private equity investments. ### Challenges and Concerns - **Labor Shortages**: Nearshoring in Mexico faces challenges such as rising costs and labor shortages, complicating supply chain management. - **Talent Shortages**: Healthcare organizations are under pressure to secure skilled talent, prompting considerations for outsourcing and nearshoring strategies. - **Time Zone Differences**: Time zone misalignments can hinder real-time communication and collaboration, making nearshoring an attractive solution for companies to enhance productivity. - **Data Security and Compliance**: The shift towards nearshore and onshore outsourcing is driven by concerns over data security and regulatory compliance. - **Rising Labor Costs**: Increasing minimum wages in Latin America pose challenges for maintaining cost-effective operations in nearshoring. - **Economic Volatility**: Global economic uncertainties and inflation are impacting the financial stability of suppliers in nearshoring regions. - **Economic and Trade Dynamics**: Recent elections in Mexico and the U.S. may shift nearshoring dynamics, affecting economic relationships and trade policies. - **Geopolitical Risks**: Potential tariffs imposed by the U.S. government on imports from Colombia could disrupt the nearshoring trend and foreign investment in the region. - **Hidden Costs of Outsourcing**: Potential financial risks associated with outsourcing in the healthcare BPO market, necessitating careful planning to maximize value. - **Regulatory Compliance**: Stringent regulations and the need for compliance are driving the demand for specialized outsourcing services. - **Data Security**: Concerns regarding data privacy and cybersecurity are significant challenges in the outsourcing landscape. - **Operational Complexities**: Healthcare organizations face operational complexities that can complicate outsourcing decisions, particularly in revenue cycle management. - **Workforce Shortages**: Projected workforce shortages in the U.S. healthcare industry could hinder the effectiveness of RCM and other outsourced services. - **Economic and Political Factors**: Political and social scenarios can negatively impact promotions and sales efforts in the healthcare outsourcing market. - **Regulatory Delays and Infrastructure Deficiencies**: Challenges faced by the Mexican MedTech market, impacting the growth of local manufacturing and innovation. - **Vendor Management**: Challenges in managing vendor relationships can hinder efficiency and regulatory compliance in healthcare outsourcing. ## Related Topics [[Offshoring]]