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New-Shoring: A Paradigm Shift in Manufacturing Investments
New-Shoring
Recently, ‘Re-Shoring’ came into the spotlight in developed countries like the United States.
Recently, ‘Re-Shoring’ came into the spotlight in developed countries like the United States. Re-Shoring refers to bringing formerly outsourced manufacturing jobs back home to a country due to an increase of labor cost in the emerging countries, short life cycle of products and concern on securing intellectual properties. More details of New-Shoring strategies can be found in this issue.
