Read the lesson in English  
then translate to your own language to verify your understanding.

Hedging Bets with Nearshoring | English Lesson

Feb 7, 2023

Today, we’ll be discussing the trend of companies transferring their operations to nearby countries, because of geopolitical reasons, or because of recent disruptions in the global supply chain, like the shipping container crisis, and problems posed by Covid. For example, companies are relocating to Mexico in order to be closer to the U.S. market.

Listen to this headline from the Natural Gas Intel website, published on February 2, 2023: “Mexican Nearshoring Opportunities Seen Spurring Energy Needs.”

Nearshoring” describes this trend. Production plants are moving nearer to the United States.

Of course, the word “shore” refers to the land along the edge of a sea, lake, or other large body of water. But here, it really has the meaning of a border. “Nearshoring” is when the operations are close to your border.

The article also mentions how energy companies in Mexico are taking advantage of new opportunities to provide electricity to these new production plants and offices. The headline uses the word “spurring,”. When used in this context, “spurring” means creating new energy needs.

Finally, there’s an English idiom that relates to nearshoring: “hedging your bets.” This means taking precautions to protect yourself from risk. In this case, US companies are “hedging their bets” by moving key production facilities closer to home to ensure their supply lines.

  • Nearshoring
  • Spurring
  • Hedging a bet.

See a related lesson on Friend-shoring.


Photo credit: Carlos Aranda in Unsplash


Join Our Podcast Club

You Can Also Subscribe to Our Podcast On These Platforms:

Follow us on spotify
Apple Podcast


Submit a Comment

Your email address will not be published. Required fields are marked *

Latest Podcasts

Recession or Soft Landing?

Recession or Soft Landing?

In today's episode, we'll examine an opinion article that talks about the possibilities of a recession that was published in the New York Times on July 24th, 2023.  In this podcast, I will introduce some really useful vocabulary that will help you discuss the issue of...

Copper Prices

Copper Prices

In today's episode, we'll examine an article titled 'Copper is unexpectedly getting cheaper', published in the Economist magazine on July 6th, 2023. We will see why copper is getting cheaper, and you’ll learn some useful vocabulary along the way....

What Are Carbon-Linked Bonds?

What Are Carbon-Linked Bonds?

Welcome to episode 76 of English for Economists. Today, we will be looking once again at an issue related to climate change, and the role economics can play in reducing air pollution. We’ll be diving into these terms: 'Carbon pricing',  'Carbon-linked bonds',...

Ireland’s Fishing Industry

Ireland’s Fishing Industry

[Music Break] Today, in our 74th podcast, we're examining a significant economic news piece while learning four key vocabulary words: "Death by a thousand cuts," "Fleets," "Quotas," and "Scrap." Let's take a look at today's headline: “'Death by a Thousand Cuts' for...

Debt Ceilings and ‘A Stitch in Time Saves Nine’

Debt Ceilings and ‘A Stitch in Time Saves Nine’

Last week, we looked at how investors were reacting to fears that the US government would reach its legally allowed spending limit, leading to spending cuts and loan defaults. The vocabulary we covered was: brace, debt-ceiling, and default. Brace meant to hold on...

Share This