What term describes moves of jobs from foreign back to domestic locations?

• A. Offshoring
• B. Reshoring
• C. Outsourcing
• D. Joint Venture

Answer: (B)

Reshoring is the act of bringing production or jobs back to the home country after they were moved overseas. This term captures the reversal of offshoring and is used when companies decide to re-establish domestic manufacturing due to factors like improved supply-chain reliability, quality control, or changes in cost and economic conditions. Offshoring, by contrast, refers to moving jobs abroad in the first place. Outsourcing means delegating work to an external company, which can be either domestic or foreign, rather than handling it in-house. A joint venture is a formal partnership between two firms to pursue a business goal.