Onshoring vs. Offshoring (Outsourcing Domestically vs. Abroad): One Minute Explanation|Comparison

Is outsourcing domestically or abroad the best approach?

This is perhaps the number one question that companies which have decided to outsource in the first place (as opposed to handling the tasks in question in-house) are asking themselves.

Simply put, onshoring revolves around outsourcing to domestic companies, whereas offshoring revolves around outsourcing abroad (to foreign entities).

If you live in a very rich country and simply want to cut costs, offshoring is pretty much a no-brainer... however, the business world is frequently far too complicated for trajectory-altering decisions to be limited to just one variable.

As the explanation you are about to watch hopefully makes clear, onshoring has its own set of advantages. The main goal of this comparison is ultimately this: explaining that there are few "one size fits all" solutions in the business world.

For some companies, offshoring represents the best possible outsourcing approach. As far as others are concerned, however, the pros clearly outweigh the cons when it comes to onshoring.

In the end, it's ultimately all a matter of crunching the numbers and making the best possible decision for your business. Just like the "to outsource or not to outsource" decision is never a walk in the park, choosing who to outsource to isn't a piece of cake either.

Hopefully this comparison between onshoring and offshoring is enough to point you toward the right direction. The final decision is yours and only yours to make, but this much is certain: making sure the facts are on your side is paramount.

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