The recent shift in global manufacturing, moving away from Asia towards regions like Latin America, has been driven by several factors, including trade wars and escalating labor expenses.
The Dominican Republic has a successful international trade industry, thanks to its strategic location as a shipping hub. Its ports provide easy access to key markets like the United States and Europe, and investor incentives are offered through its Free Trade Zones.
When it comes to choosing a nearshore destination, one of the most important factors for businesses is striking the right balance between affordability and quality service delivery. Luckily, the Dominican Republic ticks both boxes and more, making it an obvious choice for companies looking to outsource.