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reshore
[ ree-shawr ]
verb (used with or without object)
- (of a company or organization) to return offshored jobs or business activities to the home territory: nearshore ( def 2 ), friend-shoring ( def ).
We expect to have reshored most of our media maintenance by the end of April.
It is unlikely that the company will continue to reshore this year.
Other ˜yÐÄvlog Forms
- °ù±ð·²õ³ó´Ç°ù·¾±²Ô²µ noun
˜yÐÄvlog History and Origins
Origin of reshore1
Example Sentences
A couple of pharma companies plan to try to reshore manufacturing down the line, but it will take quite a while for that to come into effect.
“If we’re trying to reshore manufacturing, tariffs are very blunt and they raise costs for other industries,†he said.
"If we ... reshore, friendshore we may be leading the world towards fragmentation of trade, which will be very costly," she said.
They have been heightened after the passage of the Biden administration's Inflation Reduction Act, which aims to rapidly expand U.S. renewable energy and reshore clean energy manufacturing.
It was a play on the efforts to "reshore" domestic production in critical industries, but including allies or "friends" in these rebuilt supply chains.
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