offshoring

(redirected from Off-shoring)

off·shore

 (ôf′shôr′, ŏf′-)
adj.
1. Moving or directed away from the shore: an offshore wind.
2.
a. Located at a distance from the shore: an offshore mooring; offshore oil-drilling platforms.
b. Located or based in a foreign country and not subject to tax laws: offshore bank accounts; offshore investments.
adv.
1. Away from the shore: The storm moved offshore.
2. At a distance from the shore: a boat moored offshore.
n.
The comparatively flat region of submerged land extending seaward from beyond the region where breakers form to the edge of the continental shelf.
tr.v. off·shored, off·shor·ing, off·shores
To outsource (production or services) to another country.

offshoring

(ˈɒfˌʃɔːrɪŋ)
n
(Commerce) the practice of moving a company's operating base to a foreign country where labour costs are cheaper
Translations
offshoring
References in periodicals archive ?
South African Trade and Industry Minister Rob Davies was likely to launch a revised Business Process Services Incentive in London intended at attracting investments and create employment in South Africa through off-shoring activities, his office has said.
Known as re-shoring, as opposed to off-shoring, the trend will boost jobs.
The jobs targeted for off-shoring involve administration of the pension funds of high net worth individuals, the report said.
These are among the findings of the sixth annual study on corporations' off-shoring trends by Duke University's Fuqua School of Business and The Conference Board, an independent research association.
For the past ten years it has been assumed that off-shoring IT software development to supposedly cheaper locations such as India or Asia makes good business sense.
40 percent believed that the main issue with off-shoring is a lack of business knowledge.
For purposes of this study, off-shoring is defined as the procurement of services by CPA (certified public accounting) firms outside the United States through electronic media.
They document that, thanks to globalization, employment has actually increased in the last 20 years and that off-shoring accounts for a tiny portion of unemployment in Europe.
In the past, off-shoring has been primarily concentrating on lower-value added service jobs, such as call-centers or the compilation and maintenance of databases.
Abstract: This paper deals with analysis of several European countries in respect to off-shoring of production by their manufacturing companies.
NTL and Peugeot have also announced off-shoring work.
A recent study revealed more than 60 percent of Fortune 1000 corporations are off-shoring to India, either directly or indirectly, further strengthening its position among the top five fastest growing economies in the world.