verb
- to move (a business operation or job) to a foreign country, typically to reduce costs
Usage: third person singular present tense of 'offshore'
adjective
- located, situated, or operating in foreign waters or countries, especially for business purposes
Usage: often used in business and finance contexts
Examples
- The company offshores much of its manufacturing to reduce labor costs.
- Many tech firms offshore their customer service operations to India.
- Offshores accounts are often used for tax planning purposes.
- The corporation decided to offshore its software development team.
- Offshores drilling platforms extract oil from deep waters.
- Some businesses offshore their data centers to countries with cheaper electricity.