Nearshore
AI-enabled marketplace of top factories in the Americas
INVESTMENT COHORT / Q3 2024
INVESTMENT STAGE / Pre-Seed
The consumer packaged goods (CPG) manufacturing industry is fragmented and offline. Factories have a difficult time reaching new customers, and CPG businesses seeking manufacturing partners have to work through numerous intermediaries while seeking vetted factories.
Nearshore is building a marketplace of factories across the Americas - starting initially with the United States and Mexico. The marketplace will offer; - Standardized profiles and reviews of factories across the Americas, - Streamline the process by which brands and factories engage with one another by offering a streamlined request for proposal (RFP) process, and - Offer invoicing and payments capabilities to enable factories and their customers to transact directly with each other directly through the marketplace.
CPG Manufacturing across the Americas is a large and growing market - estimated at more than $1.0 Trillion by some analysts. With the trend towards moving manufacturing out of China, Mexico and other Central and South American markets are increasing in importance as manufacturing partners for brands that serve consumers in the United States. Factories in these markets recognize this, and an easy to use marketplace that enables them to more easily connect with brand customers could do for CPG Manufacturing in the Americas what Shopify has done for eCommerce and Alibaba has done for manufacturing in China.
