Offshoring Meaning | What is Offshoring? | Offshoring company | UBS

Offshoring is the practice of outsourcing activities to less-developed countries, mainly by corporations from developed countries, in order to reduce the cost of doing business. Lower labour costs, more forgiving environmental constraints, less severe labour rules, easier tax circumstances, and proximity to raw materials are just a few of the specific reasons for a corporation’s operations to be located outside of its home country.