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What does nearshoring mean?

Looking for the meaning or definition of the word nearshoring? Here's what it means.

Verb
  1. present participle of nearshore
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Examples
In fact, demands for reduced cycle times provide an incentive for nearshoring or onshoring.
If you use nearshoring, you can often work in the same time zone as your outsourcing partner.
As a result of this trend of nearshoring by European firms, Indian services providers have started to set up delivery centers.
When I started with nearshoring about 8 years ago, I believed in process.
Because nearshoring partners live in regions closer to home, they often have a greater familiarity with English and with American culture.
As types of outsourcing, offshoring and nearshoring are important means of reducing software costs and sometimes also improving quality.

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