Offshoring

usgb/ˌɔːfˈʃɔːrɪŋ/
noun

The practice of a company moving some of its work to a different country to reduce labor costs.

Many manufacturing businesses are considering offshoring their production to countries with lower labor costs.
Visual representation of "offshoring" - The practice of a company moving some of its work to a different country to reduce labor costs

Often appears as...

  • offshoring production
  • offshoring jobs

Usage tips

Academic

Definition 1 of 2
Visual representation of "offshoring"
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Business Strategy

Offshoring is used as part of a business strategy to save costs.

Illustration for Business Strategy
They implemented offshoring to improve profit margins.
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Controversial Topic

Offshoring can be controversial, often debated in politics and economics.

Illustration for Controversial Topic
The debate on offshoring has intensified during the election.
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Global Reach

Offshoring reflects how businesses operate globally, beyond their home country.

Illustration for Global Reach
Offshoring production allowed the company to enter new markets.
Visual representation of the word "Offshoring"

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