Definition of reshoring in English:
reshoring
nounˈriːʃɔːrɪŋˈrēˌSHôriNG
mass nounThe practice of transferring a business operation that was moved overseas back to the country from which it was originally relocated.
reshoring can help us rebalance our economy, create new jobs and cut our trade deficit
Example sentencesExamples
- Companies that participated in the study projected that by 2013 the total landed cost gap with China will have shrunk to 16 percent, making reshoring a much more viable option.
- Reshoring has already begun, and both Presidential candidates are being forced to discuss the issue wherever they go.
- Reshoring is growing at about 30,000 jobs per year.
- Onshoring or reshoring could give UK manufacturing a boost by relocating production of some goods from current low-cost locations overseas.
- They will give their signatories a first claim on US natural gas supplies, whose abundance is currently fuelling a reshoring of energy intensive industries.
- Since the momentum for reshoring began in 2011, 24 apparel companies have been reshored, compared with 41 electronics companies.
- The economic Renaissance has been caused by factors such as lower rents and cost of business, increased demand for commodities and reshoring of formerly outsourced work to the US.
- It is therefore relevant now, more than ever, that companies consider the benefits of reshoring for both themselves and the community.
- He participated in the 2012 Insourcing Forum and testified at a congressional hearing on reshoring and manufacturing.
- The talk about reshoring is spurring renewed interest in factories here.
Origin
Early 21st century: on the pattern of offshoring.