When a company has improved its operations efficiency so much that it decide to move back to its home country, this is called ________.

Question

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Onshoring refers to a situation where a company relocates its operations back to its home country due to improved efficiency and cost-effectiveness. This is the opposite of offshoring, where a company moves its operations to another country to take advantage of lower labor costs. Nearshoring involves relocating operations to a nearby country with similar time zones and cultural similarities. Outsourcing refers to the practice of hiring external companies to handle certain functions or processes.

When a Company Has Improved Its Operations Efficiency So Much