Future of Digital Sourcing Nearshoring

JUNE 8, 2021

Related news: Are You Getting the Most Out of Your Nearshore Digital Transformation Partner? federal government of fall 2020). The Nearshore Model is the Best of Both Worlds. Could Puerto Rico Become the Next Big Tech Haven? During the 2006 economic downturn in Puerto Rico, many jobs were lost and people left the island.

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Groove Technology

OCTOBER 1, 2024

from 2020 to 2027. outsourcing development but keeping project management in-house) or using nearshore options to balance cost and ease of collaboration. from 2020 to 2027. What are the key differences between onshore, nearshore, and offshore outsourcing? This strategy has become increasingly popular in the tech industry.

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Software Outsourcing Nearshoring Offshoring 130

Ivemsa

JULY 29, 2023

In early 2020, a well-established aluminum extrusion company (AEC) reached out to IVEMSA regarding the possibility of manufacturing in Mexico and how IVEMSA could help. Pricing transparency Pricing is the top priority for most manufacturing clients, which is why the cost-effectiveness of nearshoring to Mexico is so alluring.

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Nearshoring Manufacturing Government Sourcing 52

Zinnov

FEBRUARY 28, 2022

In fact, according to Zinnov’s strategic analysis, the deal momentum for Digital Services market continued post the second half of 2020, while a staggering 200+ deals were observed in 2021. A profound impact of virtual living – forced upon us by the pandemic – has been the adoption of nearshore models and remote work setup.

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Nearshoring Service Cybersecurity Offshoring 93

Redial

MARCH 12, 2021

But a study from 2020 found a 95% possibility that a customer will return after a bad experience if they know that the issue they had was resolved [2]. The other consideration is the relationship with dissatisfied customers, who will only perform one interaction with the business and look elsewhere for products and services.

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WebCreek

APRIL 6, 2021

With the events that rattled 2020, AI and ML will be transformed, both in terms of future developments and past pitfalls. In 2020, Machine Learning was already used to help diagnose COVID-19 patients. Trends from 2020 have heavily shaped technological developments going forward in 2021. billion in 2017, to $8.81 5G Connectivity.

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Cybersecurity Healthcare Insurance Nearshoring 96

Future of Digital Sourcing Nearshoring

FEBRUARY 26, 2019

…nearshoring may be a better term. businesses – the cost benefits of offshoring and the productivity benefits of nearshoring, on-shore. Nearshore providers in Puerto Rico can easily work with clients on-site to ensure that projects stay on budget with minimal disruption to the way clients have traditionally worked.

IT Outsourcing 52

IT Outsourcing Outsourcing Nearshoring Offshoring 52

3Pillar Global

SEPTEMBER 2, 2020

Leading nearshore software developer launches second of numerous Tiempo Flex solution sets to address ad hoc client demands. Tempe, Arizona, September 2020) – Tiempo Development announced today Tiempo Flex Cloud Cost Management – a new solution set to meet the growing complexity and challenges of managing costs in the cloud.

Management 52

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Ivemsa

MARCH 14, 2023

Mexico manufacturing has continued to grow over the years, rising 21% between 2020 and 2021. As more companies are considering this nearshoring strategy, here are a few important questions to always keep in mind. As more companies are considering this nearshoring strategy, here are a few important questions to always keep in mind.

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Nearshoring Manufacturing Administrative Flexibility 52

Customer Serv Outsource Smarter

DECEMBER 16, 2022

If 2020 and 2021 were years of change, transformation, and tumult in the business process outsourcing (BPO) world, how do we describe 2022 ? During the COVID surge of 2020, the primary focus for BPOs was a rapid shift to work-at-home with a massive investment in remote architecture, training, systems, security, and agent collaboration tools.

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3Pillar Global

SEPTEMBER 28, 2020

Leading nearshore software developer launches cloud-smart solution for planning, implementation and management. Tempe, Arizona, September 2020) – Tiempo Development announced today Tiempo Flex Cloud Migration Services – a new solution to meet the growing complexity and challenges of migrating applications to the cloud.

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Nearshoring Right-Sizing Engineering Managed Services 52

Everest Group

OCTOBER 14, 2021

trillion on engineering in 2020, and more than one-third of that spend was on software product engineering. Software product engineering has been the fastest growing segment of engineering spending over the last four years and was the only segment to witness positive growth in 2020, even as overall global engineering spend declined by 2%.

Engineering 52

Engineering Software Cybersecurity Nearshoring 52

Ivemsa

JANUARY 20, 2022

manufacturers, this means nearshoring to Mexico to help create a more reliable operating base compared to China. In 2020, overseas operations were severely delayed, if not shut down altogether, with these challenges continuing well into 2021 without an end in sight. For many U.S. Numerous updates have led U.S.

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Manufacturing Nearshoring Offshoring Administrative 52

Ivemsa

SEPTEMBER 5, 2023

USMCA Rules of Origin The USMCA was officially enacted in 2020 and provides U.S. manufacturers incentives for nearshoring to Mexico. Here are other benefits U.S. manufacturers can consider. Read more: FAQ on Manufacturing in Mexico. Under the USMCA, 75% of auto content is required to be made in North America.

Manufacturing 52

Manufacturing Nearshoring Administrative Jobbing 52

Everest Group

MARCH 29, 2023

Driven by the pandemic, total equity issuance increased significantly starting in the third quarter of 2020 and remained high until the fourth quarter of 2021, resulting from regulatory support, major rate cuts, and gradual liquidity pumped into the markets by governments across the world.

Retail 52

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WebCreek

MAY 21, 2021

Especially since 2020, with the rise of COVID-19, Digital Transformation has become a make-or-break issue for businesses in a wide variety of industries and services, determining success or failure against competition. The post Digital Transformation: A Roadmap for Success appeared first on IT Nearshoring | WebCreek.

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WebCreek

MAY 30, 2022

Just 2020 had companies spending over US$52 Billion in costs related to workplace related incidents. The post Virtual Reality: The New Workforce Training Solution appeared first on IT Nearshoring | WebCreek. VR allows them to make the mistake, see how they got there, remedy the mistake and know how to avoid making it again.

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Out-Tasking Nearshoring Jobbing Efficiency 52

Everest Group

JANUARY 26, 2022

Enterprises in North America and Europe are facing a stark reality: their onshore and nearshore labor pool has 2.4 The same is true for Nearshore Europe (e.g., headcount growth in 2022, a much more positive growth sentiment than expressed in 2020 (5.2%) and 2021 (2.7%). Although the talent in onshore geographies such as the U.S.

Research 52

Research Nearshoring Engineering Sourcing 52

Ivemsa

NOVEMBER 29, 2021

Though most businesses have adapted and are becoming fully operable following the shutdowns of 2020, the supply chain is still playing catch up. Nearshoring to Mexico is a solution that helps to offset many of these challenges and gives manufacturers a greater sense of security moving forward. Lengthy Port Delays.

Manufacturing 52

Manufacturing Nearshoring Sourcing Efficiency 52

Everest Group

MAY 18, 2022

The new company will enjoy the advantage of Konecta’s strong dominance in the Spanish market, where Konecta has been aggressively expanding in the past few years, especially by acquiring four different Spanish companies that were part of the Rockethall Group in 2020.

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Ivemsa

MAY 20, 2022

from 1993-2020. These numbers exemplify the security and growth of nearshore manufacturing in Mexico and how the IMMEX maquiladora industry has continued to thrive. In fact, the U.S. remains Mexico’s top source of foreign direct investment (FDI) at just over 39%, or $100.9 billion USD, per the most recent data published by the U.S.

Manufacturing 52

Manufacturing Labor Costs Nearshoring Streamline Operations 52

Zinnov

JANUARY 30, 2022

While the mega-deals (> USD 5 Bn) jumped to 181 (vs 111 in 2020), the mid-market (USD 1-5 Bn) deal activity also saw a triple-digit increase in 2020. SPAC (Special Purpose Acquisition Company) listings also had a record year with ~3x listings compared to 2020. In 2021, the aggregate deal value crossed USD 5.8

Service 52

Service Advisory Accounting Marketing 52

Unosquare

JULY 28, 2023

million from the number seen in 2020. With nearshoring, you gain access to skilled developers at competitive rates. Find out more by reading Unlock the Secret to Cost Savings with Nearshore Software Development. The global developer population will reach 28.7 million people by 2024. That’s an increase of 3.2

Software 52

Software Right-Sizing Nearshoring Out-Tasking 52

3Pillar Global

DECEMBER 10, 2020

In a 2020 survey, EY reported that AI is on the way to becoming mainstream. Tiempo Development is a leading nearshore software development firm that provides cost-effective access to top talent, ready to help clients realize their digital transformation initiatives–whether they operate in a highly-regulated space like finance or not.

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Finance Banking Regulations Nearshoring 52

Blue Ocean

JUNE 17, 2021

Ensuring your customer support center is up and running, no matter what, is a daunting task and the pandemic of 2020 made that clearer than ever before. One interesting highlight of the past year was the ability of onshore and nearshore providers to maintain contact center readiness versus offshore providers.

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Blue Ocean

JANUARY 20, 2022

Simply put, your buck goes further when you choose a nearshore outsourcing model. But it’s likely that 2020 and 2021 spiked your data in unusual and unpredictable ways. We might be biased, but we’ve long seen the advantages of a strong US Dollar and its stable ratio to the Canadian Dollar (regardless of the pandemic).

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Outsourcing Nearshoring Offshoring Jobbing 52

Ivemsa

SEPTEMBER 8, 2021

With China being at the center of the pandemic in 2020, freight costs increased and shipments were delayed or canceled due to the global shutdown and a weakened supply chain. For example, Taiwan-based electronics manufacturer Foxconn set its sights on manufacturing in Mexico in a shift from Asia by mid-2020.

Manufacturing 52

Manufacturing Reduced Costs Sourcing Marketing 52

Vilmate

AUGUST 8, 2023

Only pluses, no minuses Anna Kumbatova, Vilmate COO This sporting activity entered my life in 2020. appeared first on Nearshore Software Development Company in Ukraine - VILMATE. Running disciplines and motivates me, calms me down, and simply makes me stronger. Stay tuned with VILMATE and to be continued!

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Nearshoring Out-Tasking Engineering Software 52

Perficient Digital Transformation

AUGUST 15, 2023

After graduating, she returned to Perficient in January 2020 as an associate business consultant. Perficient is a global company with onshore, nearshore, and offshore teams. Ntasha’s Career Journey Ntasha has been with Perficient full-time for more than three years.

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Out-Tasking Offshoring Nearshoring Management 52

Ivemsa

NOVEMBER 29, 2022

Before 2020, foreign manufacturers would likely have anywhere from four to eight different building options to evaluate in the same city. Right now the main industrial hubs report less than a 1% vacancy rate with higher industrial rents and competitive building leases now more than ever.

Manufacturing 52

Manufacturing Sourcing Collaborations Service 52

Vilmate

APRIL 23, 2024

Between 2013 and 2020, electricity usage in IT shot up by 70%, and now it’s increasing by 9% annually. The post With great Power come great Emissions: IT vs. Environment appeared first on Nearshore Software Development Company in Ukraine - VILMATE. But why does this power consumption harm the environment so much?

Government 52

Government Information Technology Sourcing Nearshoring 52

Ivemsa

OCTOBER 21, 2021

In 2020, the updated USMCA was enforced, favoring trade within North America. Plus, there’s no additional investment necessary to set up administrative departments and systems, which saves manufacturers at least $28,500 per month. USMCA Provisions.

Manufacturing 52

Manufacturing Labor Costs Administrative Jobbing 52

Ivemsa

DECEMBER 27, 2021

From 1993-2020, bilateral trade between the U.S. Though not a new approach, it’s one that’s being revisited as companies increase their current foreign direct investment (FDI) or consider manufacturing in Mexico for the first time. and Mexico has grown by 482% with Mexico serving as the second largest export market for the U.S.

Manufacturing 52

Manufacturing Labor Costs Accounting Administrative 52

Vilmate

NOVEMBER 30, 2023

While this number is high, it hasn’t yet reached the levels seen during the onset of COVID-19 in 2020, when, in certain months of quarantine, the number of layoffs reached 26,000. appeared first on Nearshore Software Development Company in Ukraine - VILMATE. The post Is there an actual Recession in the IT industry in 2023?

Jobbing 52

Jobbing Cybersecurity Marketing Out-Tasking 52

3Pillar Global

MARCH 15, 2021

Another survey , CGS’ 2020 Business Process Outsourcing Trends (which covers IT/software projects, including accounting or manufacturing and beyond), found that 45% of executive respondents cited improving the customer experience as their primary motivation for outsourcing, while 36% said it was cost-cutting.

Software 40

Software Outsourcing Labor Costs Robotics Process Automation 40

Vilmate

SEPTEMBER 25, 2023

However, in 2020, the company was hacked again. The post Why Cybersecurity is no less important than the conventional appeared first on Nearshore Software Development Company in Ukraine - VILMATE. As a result of the attack, the data of 500 million individuals was compromised. Some experts attribute the breach to Chinese hackers.

Cybersecurity 52

Cybersecurity Government Accounting Regulations 52

Vilmate

SEPTEMBER 25, 2023

However, in 2020, the company was hacked again. The post Why Cybersecurity is no less important than the conventional Security appeared first on Nearshore Software Development Company in Ukraine - VILMATE. As a result of the attack, the data of 500 million individuals was compromised. Marriott is fined £18.4 million for this breach.

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Cybersecurity Government Accounting Regulations 52