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