Offshoring, onshoring, nearshoring, bestshoring: what do they mean?

As an original equipment manufacturer (OEM), you will have heard the terms 'offshoring', 'onshoring', ‘reshoring,’ 'nearshoring' and the like. If you are in the planning stages of an outsourcing programme it's important to understand each term and the implications of choosing between them. Making the right decision about the location for your manufacturing supply chain could generate significant financial gains for your company - but get it wrong and you could be exposing your business to significant risk. This blog will look at the terms offshoring, onshoring and nearshoring - and the lesser known 'bestshoring' - and will explain some of the opportunities, challenges and limitations associated with each.

For more information on Offshoring, onshoring, nearshoring, bestshoring: what do they mean? talk to ESCATEC Mechatronics Ltd