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Nearshore outsourcing is gaining in popularity.Many companies have outsourced to China, India and the Far East, but nearshore outsourcing is growing in momentum with key benefits that outweigh the offshore option.<br>
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Reasons to Examine Nearshore Outsourcing With web and mobile app development playing a critical role in the overall consumer experience and slated to increase over 2015-2016, the need to cost-effectively and quickly develop sophisticated, competitive apps has impacted the growth of nearshore outsourcing. Nearshoring is the New Black Nearshoring is the new buzzword in the growing area of web-based and mobile app development. Traditional outsourcing refers to contract workers or software companies in the Far East, China and India in particular. Nearshoring differs in that companies share a border or a landmass, typically possess a solid command of the English language, enjoy a similar time zone, and the ability to scale up in tech if needed. These sophisticated and experienced tech force extensions have sent U.S. companies running for a border—the South and Central American borders.
1 . Time Efficiency • The timezone is often the same in South and Central American countries, making meetings much easier to manage while keeping travel expenses low. Work can go faster since it’s completed in the same day (as opposed to overnight in India), resulting in a day’s delay if corrections need to be made with little to no collaboration. 2. Talented Work Forces • Latin America has a large supply of experienced workers. In particular, Uruguay has emerged as one of the top providers of nearshore-ready IT staff. The country, with a population of around 3.3 million over 176,000 square kilometers, is one of the most progressive and stable countries in the Americas, and enjoys expansive government investments in tech for its students. As a result, Uruguay has emerged as a top supplier of highly competitive IT staff, making it ideal for nearshore outsourcing.
3. Language Proficiency • In 2014, the U.S. Census Bureau reported that 54 million people in the U.S. identify as Hispanic, making people of Hispanic origin the nation’s largest ethnic or racial minority, which means in LatAm, language is not typically a barrier. Most countries In South and Central America have well-developed English programs. In Uruguay, students boast a high degree of proficiency—usually because in the tech sector, English is a requirement. 4. High Tech Compatibility • It’s not an exaggeration to say countries in South and Central America are exploding with IT growth. The Uruguayan IT industry has enjoyed early and dynamic growth compared to other countries in the region, with a fast process of internalization that started in the 1980s. • Looking at the list above, it’s easy to see why Nearshore outsourcing is so successful.
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