Finally, an issue that is being increasingly mentioned
relates to the “nearsourcing” whereby a number of
firms are reported to be relocating closer to home
markets given production cost increases in China.
Some observers argue, however, that nearsourcing
affects limited areas of business and is therefore
overrated (Lloyd’s List, 2013c). In addition, it was
observed that there was more than one factor to take
into account when making decisions about where to
locate production and that there was no one-sizefits-
all solution, as in some cases – depending on
the product – nearsourcing can generate significant
savings while in others it could prove to be expensive
(Lloyd’s List, 2013c).