offshoring
Moving operations abroad
Offshoring is relocating business operations or jobs to another country, typically to reduce costs: The company offshored its customer service to the Philippines.
Unlike outsourcing, which means contracting work to another company, offshoring specifically involves geographic relocation—though companies often do both simultaneously.
The practice became politically charged as manufacturing and service jobs moved overseas.
Third-party task delegation
- multinationalOperating across multiple countries
- corporationLegally separate business entity
- subsidiaryOf lesser importance
- headquartersCentral command location
operations · manufacturing · production · supply-chain · logistics · management · strategy · vendor
Positions of employment
- workforceAll available workers
- employmentPaid occupation status
- relocationPermanent change of residence
- displacementRemoval from usual location
wages · workers · hiring · staffing · layoffs · retraining · migration · talent
Concerning relations among countries
- overseasIn foreign countries
- foreignFrom another nation
- cross-borderSpanning national boundaries
- globalizationWorldwide economic and cultural integration
transnational · worldwide · India · China · Philippines · Vietnam · Mexico · Asia-Pacific
Accumulated money kept
- reductionMaking something smaller
- efficiencyProductive without waste
- overheadLocated directly above
- profitabilityCapacity to generate gain
margins · budgeting · optimization · low-cost · arbitrage · expenditure · ROI · cost-benefit
Selfish use of others
- sweatshopExploitative manufacturing workplace
- ethicsStudy of right conduct
- criticismJudgment of faults
- backlashStrong negative reaction
protectionism · nationalism · inequality · regulation · compliance · accountability · public-relations · political
outsourcing
Third-party task delegation
- multinationalOperating across multiple countries
- corporationLegally separate business entity
- subsidiaryOf lesser importance
headquarters · operations · manufacturing · production · supply-chain · logistics · management · strategy · vendor · contractor
jobs
Positions of employment
- workforceAll available workers
- employmentPaid occupation status
- relocationPermanent change of residence
displacement · wages · workers · hiring · staffing · layoffs · retraining · migration · talent · skills
international
Concerning relations among countries
- overseasIn foreign countries
- foreignFrom another nation
- cross-borderSpanning national boundaries
globalization · transnational · worldwide · India · China · Philippines · Vietnam · Mexico · Asia-Pacific · geopolitics
savings
Accumulated money kept
- reductionMaking something smaller
- efficiencyProductive without waste
- overheadLocated directly above
profitability · margins · budgeting · optimization · low-cost · arbitrage · expenditure · ROI · cost-benefit · value
exploitation
Selfish use of others
- sweatshopExploitative manufacturing workplace
- ethicsStudy of right conduct
- criticismJudgment of faults
backlash · protectionism · nationalism · inequality · regulation · compliance · accountability · public-relations · political · unions
- economic historystock market crash, Industrial Revolution, trade routes, Great Depression, gold standard
- globalizationglobalization, free trade, global village, global trade, multinationals
- supply chainsupply, supplier, delivering, suppliers, vendor
- corporate practicesmerger, acquisition, takeover, buyout, layoff
- cost cuttingcost cutting, budgeting, cost reduction, budget, budget cuts
- global businessmultinational corporations, multinationals, multinational, foreign markets, international trade
offshoringonshoring
Relocating operations domestically
reshoring · domestic production · local sourcing · domestic manufacturing · insourcing
offshoringreshoring
Relocating production domestically
insourcing · onshoring · repatriation · vertical integration
shore, offshore, offshores, offshored, onshoring, nearshoring, reshoring