Sourcing and Shoring
Studieretningsprojekt
Sourcing & Shoring
Marketing | A-level | Michael Pedersen
International Economics | A-level | Ingvar Hansson
7. February 14
Christopher Nørgaard Haslund
Abstract
This paper examines different terms and factors influencing decisions on sourcing and shoring different business functions. Outsourcing caused the term of insourcing, and offshoring resulted in onshoring. However, onshoring is sometimes called inshoring, and insourcing is sometimes named "backsourcing." Insourcing may be done by "onshoring", "offshoring" or just "near-shoring." Insourcing represent certain work to the same company, but in another country in the case of offshoring. If accomplished on same continent, it will be the case of onshoring. And if accomplished in same country, it is the case of near-shoring. By examining these various terms in association with globalisation, the emerging countries and the desire for growth in the western world, studies indicate that offshoring is undergoing a slight turnaround, or at least, some want to see that happening. This might be answer for the everlasting desire for growth, after the financial crisis.
1. Introduction
The economic globalisation and its increasing economic integration and dependence between nations, is a topic that is discussed everyday in the media, at home, school and in the government. The continuous globalisation of our economics confronts challenges for businesses worldwide. The increased fragmentation of the value-chain, which has resulted in out- and insouring of business functions, is one of the central issues in the globalisation process. International souring has created a large amount of attention in media over the last decade, due to the its perceived impacts on domestic employment. But the debate in the media has left companies struggling to adjust to the controversial issues; people are losing jobs1. But is it only companies that need to adjust to the issues? Or
Sourcing & Shoring
Marketing | A-level | Michael Pedersen
International Economics | A-level | Ingvar Hansson
7. February 14
Christopher Nørgaard Haslund
Abstract
This paper examines different terms and factors influencing decisions on sourcing and shoring different business functions. Outsourcing caused the term of insourcing, and offshoring resulted in onshoring. However, onshoring is sometimes called inshoring, and insourcing is sometimes named "backsourcing." Insourcing may be done by "onshoring", "offshoring" or just "near-shoring." Insourcing represent certain work to the same company, but in another country in the case of offshoring. If accomplished on same continent, it will be the case of onshoring. And if accomplished in same country, it is the case of near-shoring. By examining these various terms in association with globalisation, the emerging countries and the desire for growth in the western world, studies indicate that offshoring is undergoing a slight turnaround, or at least, some want to see that happening. This might be answer for the everlasting desire for growth, after the financial crisis.
1. Introduction
The economic globalisation and its increasing economic integration and dependence between nations, is a topic that is discussed everyday in the media, at home, school and in the government. The continuous globalisation of our economics confronts challenges for businesses worldwide. The increased fragmentation of the value-chain, which has resulted in out- and insouring of business functions, is one of the central issues in the globalisation process. International souring has created a large amount of attention in media over the last decade, due to the its perceived impacts on domestic employment. But the debate in the media has left companies struggling to adjust to the controversial issues; people are losing jobs1. But is it only companies that need to adjust to the issues? Or