One of the mysteries of the English language finally explained.
The practice of transferring a business operation that was moved overseas back to the country from which it was originally relocated.‘onshoring stimulates regional and local economies’Also called reshoring
- ‘China is no longer the low-cost supplier of labor, and onshoring is becoming a viable possibility for many companies.’
- ‘This suggests that energy-intensive sectors are more likely to experience onshoring.’
- ‘The short term savings from offshoring or onshoring are pocket change relative to losing the value of the intellectual property.’
- ‘There is a trend back to onshoring with more work being done here because you've got better consistency of quality.’
- ‘The software company represents the fourth solution, U.S. onshoring.’
- ‘Movements like onshoring, pushed by the current administration, have gained steam as the jobs market remains anemic.’
- ‘In a globalized world and given the economic environment in the West, onshoring should be given as much importance as offshoring.’
- ‘Demands for reduced cycle times provide an incentive for nearshoring or onshoring.’
- ‘Stronger standards are also leading to more onshoring of American jobs.’
- ‘Onshoring of production of these other fuel efficiency components is already happening.’
Early 21st century: on the pattern of offshoring.
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