Offshoring Strategy

Offshoring strategy refers to a business practice where companies relocate certain operations or services to foreign countries to reduce costs or take advantage of specialized skills. By moving tasks like manufacturing or customer support abroad, businesses can benefit from lower labor costs, access to different markets, and increased efficiency. This strategy is often part of a broader international business plan, helping companies remain competitive by improving profitability while also navigating global market dynamics. However, it can also raise concerns about quality, communication, and the impact on domestic jobs.