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Review:

Offshoring

overall review score: 3.5
score is between 0 and 5
Offshoring is the practice of moving a business process or services to another country in order to reduce costs or take advantage of different resources.

Key Features

  • Cost savings
  • Access to specialized resources
  • Global expansion
  • Time zone advantages

Pros

  • Cost-effective solution for businesses
  • Access to a larger talent pool
  • Increases global competitiveness

Cons

  • Loss of local jobs
  • Communication challenges due to language barriers
  • Quality control may suffer

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Last updated: Wed, Jan 1, 2025, 03:00:02 AM UTC