English · Work & Business
offshoring
/ˈɒfˌʃɔːr.ɪŋ/
[/ˈɒfˌʃɔːr.ɪŋ/]
moving work to another country
Advancednoun
Definition
The practice of moving a company's work or operations to another country, usually to lower costs.
Example
Offshoring its factories to Asia helped the company cut manufacturing costs significantly.
Offshoring its factories to Asia helped the company cut manufacturing costs significantly.
Etymology
From 'offshore' (off the shore, overseas) plus '-ing', a late 20th-century business term.
How & Where It’s Used
Used in global business and economics.