Outsourcing, Onshoring/Offshoring and Nearshoring/Farshoring Defined, Explained & Compared in 1 Min

This channel is gold

What do you call outsourcing to a foreign company in your own country?

I love this channel! I am glad Ifound it!, thanx :)

I love this channel. Btw what software are you using to make these animations?

And when I attend my professor's lectures and get bored, that's called Loud-Snoring. Wish they were as interesting and precise as you.

What is the simplest or easiest way to understand outsourcing?

Short, yet concise. Thank you!

wow ... cleared all my doubts thanks alot

please add subtitles too ...

My father was an entrepreneur, and his attitude was always, "Offshoring and/or outsourcing for cheaper is always good business!" He and I never were on the same wavelength from that point, all the rest of his days!

I honestly think, that the term of offshoring is described wrong, as it means to perform an activity in another country but within your company. Meaning that the company opens up a facility in another country to safe cost such as Labor costs. But the operation is still done by the company itself.

This video is simply wrong. Offshoring is about changing the location of an operation to a foreign market. It does not have to include a third party. They usually overlap irl but offshoring is not a type of outsourcing. It is an entirely different concept

This dumb video, makes people mroe confused, get better

Clear explanation, easy to understand the difference between them. Thanks!