near-shore industrial platform

Serbia’s Emerging Role in European Supply Chains

Serbia is increasingly recognized as a near-shore manufacturing and processing hub for the European Union, driven by companies' efforts to mitigate supply chain risks and streamline production processes. The country's cost advantages, geographical proximity to key markets, and robust industrial capacity are attracting significant interest from international businesses. Labour costs in Serbia are notably lower, ranging from €18 to €30 per hour, compared to €70–80 per hour in Western Europe. This disparity results in substantial savings for businesses, particularly in…