Earlier, organizations look to offshoring to cut costs for outsourcing services and often manufacturing. But today, it is becoming less profitable to implement offshoring services and companies are checking their outsourcing strategies. In short, there has been a shift to favor nearshoring to improve project cost and management.
Due to the complexity and continuously changing requirements of modern IT projects classical outsourcing models increasingly lose in importance. Against this background, over the past several years, the software development industry has seen a dramatic shift in business operations from traditional offshore destinations to nearshore locations.
