507: Explaining Nearshoring in Medellin, Colombia
On this week's Colombia Calling podcast, Ohio native and now resident of Medellin, Zach Meese, joins us to discuss Nearshoring in his adopted homeland. Now, I am pretty unfamiliar with Nearshoring, so Meese walks me through it and why the city of Medellin, Colombia is the ideal place for a business of this type. Nearshoring is defined as a close relocation and refers to the practice of relocating business operations to a nearby country. And so, we ask why this happens and is it sustainable? Certainly, for businesses in the USA, there's no significant time-zone difference, not too great a culture clash and in Colombia, there's a highly educated workforce...is the practice solely for economic purposes? Tune in for this and the Colombia Briefing reported by Emily Hart.