International Business – Outsourcing or Reshoring?
Introduction
Companies outsource their key processes to third parties for many years, but, perhaps, at the turn of the 21st century, the term “outsourcing” began to gain momentum. Around this time, the companies began to engage third parties to perform the work in other countries – a process known as offshoring – in large emerging markets. The process of offshoring has attracted political and public attention because of concerns that it is destructive to the internal labor market. In this regard, a process of reshoring (the return of production from abroad), but such factors as cost and efficiency of business ...