reshoring

Syllable breakdown

Dictionary meaning

the process of returning manufacturing, production, or business operations that had previously been offshored to other countries back to the company's home country; reshoring is driven by rising labour costs in formerly low-cost offshore locations, supply chain resilience concerns following global disruptions, the increasing automation of manufacturing that reduces the labour-cost advantage of offshore production, national industrial policy incentives, and the strategic desire to retain or rebuild domestic manufacturing capability in sectors deemed critical to national security or economic competitiveness; reshoring decisions require careful analysis of total landed cost including transportation, inventory, quality, and risk factors