offshoring

/ ˈɒfˌʃɔːrɪŋ /

noun

1. the practice of moving a company's operating base to a foreign country where labour costs are cheaper

Example Sentences

The trade policy has become closely linked to domestic voter perceptions in the US about protecting American manufacturing jobs - even though much of the long-term jobs decline in traditional US industries like steel has been as much about factory automation and production changes as global competition and offshoring.

From BBC

The centres will be used to house up to 3000 migrants per month rescued en route to Italy as part of Europe’s first "offshoring" scheme, while the continent grapples with how to respond to the challenge of irregular migration.

From BBC

Other megatrends like digitalisation, a transition to clean energy and growth in global offshoring will propel future growth, say experts.

From BBC

Due in large part to globalization and offshoring, the prices of the things we want — electronics, household appliances, off-the-rack designer clothing and so forth — have generally increased slowly, or even gone down.

From Salon

We have all heard of offshoring, which started as a major economic movement in the 1990's, when companies started to relocate their manufacturing abroad.

From BBC