Inshoring, Nearshoring, Rightshoring & Microsourcing

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Warren Vieth reports about Inshoring, Nearshoring, Rightshoring & Microsourcing :

The business of finding low-cost substitutes for American workers is getting more complex — and so is the terminology. They don’t just call it “offshoring” anymore.

At a recent conference, the people who help U.S. companies shift white-collar work overseas offered potential clients a buffet of outsourcing options: “nearshoring,” for those willing to stray no farther than Canada or Mexico; “inshoring,” for those who prefer to bring foreign workers to America; and “rightshoring,” for those desiring a custom package of in-house and off-site, foreign and domestic.

For the faint of heart, there’s “microsourcing.” Don’t fire your entire computer department, advised David Elmo, president of Ohio-based Corbus Corp. Instead, farm out chronic backlogs and special projects to programmers in India.

“Getting rid of everyone puts you at a strategic disadvantage,” said Elmo, whose company will help supply the foreign talent. “You don’t know what’s going to happen tomorrow.”

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