What is Bestshoring?

Keywords: bestshoring, rightshoring
Bestshoring, also known as rightshoring, is the process of identifying the best location to move manufacturing, IT or business processes for a company. The decision is to be based on quantifiable criteria which are intended to take subjective and political input out of the decision cycle. Many companies use external consulting firms to make these decisions.

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On August 1, 2004, Hillary Clinton wrote an article  -- 'Bestshoring' Beats Outsourcing -- explaining why bestshoring beats outsourcing. Her argument is that "Foreign labor isn't as cheap as it seems."

Excerpt of the article

You can't turn on the news without hearing about offshore outsourcing -- the shipping of jobs overseas to take advantage of lower wages. This trend has spread widespread fear among working families around the country. Although these fears are legitimate, I believe that the savings from such outsourcing are exaggerated and that America is more competitive than most realize. Read the full article on Wall Street Journal