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Offshoring

UK //ˈɒfʃɔːrɪŋ// US //ˈɔfˌʃɔrɪŋ// Pronunciation

Definition

The practice of relocating business processes to another country, typically to reduce costs.

Listen to definition

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.