Offshoring

Offshoring,

Definition of Offshoring:

  1. The moving of various operations of a company to another country for reasons such as lower labor costs or more favorable economic conditions in that other country.

  2. The practice of basing some of a companys processes or services overseas, so as to take advantage of lower costs.

How to use Offshoring in a sentence?

  1. As a means to hopefully stave off bankruptcy, the board had decided that offshoring jobs to another country would be the only way to save the company.
  2. Some companies will use offshoring when they can find a better deal in another country to lower their overhead costs.
  3. As a means to hopefully stave off bankruptcy, the board had decided that offshoring jobs to another country would be the only way to save the company.

Meaning of Offshoring & Offshoring Definition