Cool Mate5K
Offshoring
UK //ˈɒfʃɔːrɪŋ//US //ˈɔfˌʃɔrɪŋ//
Definition
The practice of relocating business processes to another country, typically to reduce costs.
In simple words: Moving work to another country to save money.
Examples
- The company is considering offshoring its manufacturing to reduce costs.
- Offshoring can lead to significant savings for many businesses.
- Some workers oppose offshoring due to potential job losses at home.
- They announced their plans for offshoring IT support to India.
- Many firms find offshoring improves efficiency and cuts operational costs.
Usage notes
Used in business contexts to discuss cost-saving strategies. Avoid in casual conversations.
Grammar pattern
offshoring + object
Memory hint
Think of 'off' from your shore, moving work overseas.
Collocations
- business offshoring
- offshoring trends
- offshoring strategy
- increase offshoring
- offshoring companies
Synonyms
- relocation
- outsourcing
- offshore production
- international labor
- global sourcing
Common mistakes
- Confused with 'outsourcing' which is different in meaning.
- Using it in non-business contexts where it's less applicable.