Bestshoring
Definition, Meaning & Examples
Part of speech noun
Quick meaning: Bestshoring is a noun meaning (business, neologism) The process of identifying the best location to which to move manufacturing or other industrial facilities.
Meaning
(business, neologism) The process of identifying the best location to which to move manufacturing or other industrial facilities.
Example Sentences
The important aspect is to do bestshoring.
In the past several years, I've watched as companies have become highly skilled at performing what I call supply chain gymnastics — outsourcing, subcontracting, partnering, offshoring, bestshoring, and all the rest, primarily in China.
Related Words
Related dictionary entries include friendshoring, offshoring, shunting, shipbroking, sourcing, benchmarketing.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
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