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Onshoring is when you outsource operational functions from your business to another company in your same country or region. Although you can typically reduce labor costs somewhat, and generally enjoy highly skilled labor with minimal language or cultural barriers.
It used to be a relatively simple cost-benefit analysis to determine whether outsourcing various non-essential business processes was wise or not. If you were reducing costs and the new business processes got the job done as well as the older (expensive) processes, then it was pretty much a no-brainer.
