Understanding Offshoring, Onshoring, Nearshoring, and Rightshoring in Procurement
Una
OCTOBER 12, 2023
This strategy aims to leverage local resources , reduce supply chain risks, and stimulate the domestic economy. Onshoring can involve relocating manufacturing facilities or sourcing products and services locally to support domestic suppliers and Made in America policies. Offshoring Offshoring is the opposite of onshoring.
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