Right-shoring
Definition, Meaning & Examples
Part of speech verb
Quick meaning: Right-shoring is a verb meaning present participle and gerund of right-shore.
Meaning
present participle and gerund of right-shore.
More Meanings
- (business) Restructuring a company to achieve an optimal balance of operations performed locally and operations moved to foreign countries.
Example Sentences
Right-shoring does not require a company to move business processes overseas.
Right-shoring is the combination of onshore, near-shore and far-shore operations into a single, flexible, low-cost approach to supply chain management.
Right-shoring addresses the perceived skills issues that can exist in rapidly growing, emerging high-tech economies, particularly in terms of the ratio of senior to junior people.
Related Words
Related dictionary entries include rightshoring, reshoring, inshoring, offshorization, backsourcing, insourcing.
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Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
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