Some historians feel like globalization has stalled. After all, conventional wisdom suggests modern cross-border capital flows are a long-shot from the Han dynasty’s silk road, worldwide trade routes, and sphere of influence.
In fact, from a physical transaction standpoint, it may seem like international commerce has regressed. However, that sentiment couldn’t be further from the truth. In reality, globalization has never been more alive. It’s just evolving into a new sector.
As technology developed, cross-border trade moved to a digital landscape. And in this new phase, nearshore outsourcing is becoming an increasingly popular choice for businesses competing in a rapidly changing market. Here’s why.