Understanding Offshoring, Onshoring, Nearshoring, and Rightshoring in Procurement
Una
OCTOBER 12, 2023
Defining the terms Onshoring Onshoring, also known as reshoring, refers to the practice of bringing business operations or sourcing back to the home country. This strategy aims to leverage local resources , reduce supply chain risks, and stimulate the domestic economy. Offshoring Offshoring is the opposite of onshoring.
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