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Business term of the day - Term for July 17, 2013: "Backsourcing"

Backsourcing is a term that more precisely describes the process of bringing jobs previously outsourced back under the roof of the company to be performed internally.
Backsourcing has been increasingly discussed as companies decide to cease outsourcing operations, whether because of the issues outsourcing agreements encounter, because of pressure to bring jobs back to their home country, or simply because it has stopped being efficient to outsource a given task outside of a company.
Backsourcing is sometimes substituted and confused with "in-sourcing", however in-sourcing simply refers to conducting certain activities in-house (whether or not by a third party), while backsourcing refers to bringing previously outsourced activities back in-house.