English Lexicon

Offshoring

/ˈɔːfʃɔːrɪŋ/
nounCEFR B2 (Upper)Top #1500 frequency
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Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    The practice of relocating business processes or services to another country, typically to take advantage of lower costs.

    "Many companies are offshoring their customer service operations to reduce expenses."
  2. 2

    The transfer of specific business functions to foreign locations, often involving outsourcing.

    "Offshoring has become a common strategy for tech firms looking to enhance efficiency."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term 'offshoring' is derived from the combination of 'offshore,' which has roots in maritime language dating back to the 17th century, and the suffix '-ing,' indicating the action of moving business processes to another country, particularly for cost reduction. The concept gained prominence in the late 20th century with globalization and advancements in technology.

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