backsourcing

Example:To boost local economy, the government is encouraging companies to adopt a reshoring strategy to return some manufacturing processes to the country.

Definition:The process of bringing manufacturing or services from offshore locations back to the home country or to a domestic location, usually to reduce costs, improve quality, and maintain control.

Example:By onshoring their production line, the company increased production speed and reduced operational costs.

Definition:The practice of bringing production processes or services from distant locations to domestic ones for reasons such as cost savings, control, and quality assurance.