Global supply chain moving to regionalization. Closing or scaling down operations in previously offshored country shifting back to home is Reshoring . Localization in a foreign country (cost advantage) that could be performed at home country is Offshoring (outsourcing) . Localization in a foreign & geographically close country that could be performed at home is Nearshoring . IBM divested their laptop business to Lenovo of China, Lenovo started producing laptop in North Carolina is an example of Reshoring . US companies began shifting production from Asia to Mexico is an example of Nearshoring . Sometimes this could be referred as friendshoring. . . when a government pushes businesses to restructure supply chains, shifting production away from geopolitical rivals to friendly powers. Outsourcing was first deployed by General Electric in the 1980's, to leverage low labor cost advantage overseas. Now often referred as [ Select ]