At a glance
The Center for Global Competitiveness has been working intensively on nearshoring projects in the IT sector since 2019. Especially in the IT sector, companies are facing great challenges. The international cost pressure and shortage of skilled labor are driving many companies to look for locations outside of Switzerland. The Center for Global Competitiveness has developed a quantitative Nearshoring Index that evaluates the attractiveness of more than 100 regions within Europe. The index enables companies to narrow down their location choices and make better location decisions. Furthermore, the center also offers to create company-specific indices. In addition to factors such as economic situation, local labor markets and institutional framework conditions, social factors can also be taken into account. These social factors reflect the mentality and socio-cultural norms of the location and should enable an optimal embedding of the branch office into the company structures.