Definitions of outsourcing, insourcing, offshoring, near-shoring, and multishoring...
My version -
Outsourcing - Giving it to a third party
Offshoring - Outsourcing - on foreign soil
Insourcing - Shared resources inside company
Near-shoring - In a country that is close to the home country
Multishoring - Combination of home, far, very far...
1 comment:
Good attempt. Some of these terms are overlapping and hence it is quite difficult to define them...some of these are also used interchangeably.
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