With “rightshoring” being the latest buzzword in the global outsourcing market, you might be wondering if rightshoring is right for your business. You might already be into offshoring and some of you might be into nearshoring. Your business competitors might be into rightshoring and you might be worried if you too should step into rightshoring. So what is rightshoring?
Rightshoring is a mixture of offshoring, outsourcing, nearshoring, two-shoring, global sourcing, insourcing and multi-sourcing. The right balance of offshoring, outsourcing, nearshoring, two-shoring, global sourcing, insourcing and multi-sourcing can give your business a competitive advantage.
The most puzzling questions that organizations face is What to outsource? Which processes to Insource? Which work to nearshore? And how to effectively multi-source? If you are thinking along these lines, then read the following guidelines before starting to rightsource.