Offshoring has escalated in the past decade for reasons of

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Offshoring has escalated primarily due to the lower costs of labor in foreign countries, higher quality of work and expertise available overseas, and the flexibility of being able to operate in different time zones and locations. Companies can save significant amounts of money by outsourcing certain tasks or operations to foreign countries with a lower cost of living and lower wages. Additionally, some companies may be able to access specialized skills or knowledge that is not readily available domestically. Finally, offshoring can also provide greater flexibility in terms of being able to operate 24/7 or being able to respond to changes in demand or market conditions more quickly.

Offshoring Has Escalated in the Past Decade for Reasons of