Nearshoring

Nearshoring is the practice of relocating manufacturing or sourcing to countries geographically close to the buyer’s home market. For European companies, this often means sourcing from Central and Eastern Europe, Turkey, or North Africa rather than from Asia.

Nearshoring offers shorter lead times, lower logistics costs, easier communication due to similar time zones, reduced carbon footprint, and better supply chain visibility. It has gained momentum as companies seek to balance cost competitiveness with supply chain resilience. Speya (formerly Find My Factory) specializes in helping companies find nearshore manufacturing partners across Europe.