Offshoring (noun)

The practice of moving a company's production or services to a foreign country in order to reduce costs.

Origin:

Early 21st century, from off + shore.

Examples:

1. The company decided to outsource its manufacturing operations to China through offshoring.
2. Offshoring has led to the loss of jobs in developed countries.
3. The company's decision to offshoring was met with strong opposition from its workers.
4. Offshoring has allowed the company to take advantage of lower labor costs in other countries.
5. The offshoring strategy has proved to be successful for the company as it was able to reduce its operational costs.