Reshoring or offshoring: which is right?
The calls for companies to explore reshoring keep getting louder, led largely by a new sense of nationalism in Europe that was on show during the recent European elections. Many voters are rejecting internationalism in favour of wanting to see more business done close to home.There has also been a change in the cost of doing business in Europe. In fact, the FT reports that the UK is now the cheapest manufacturing location in all of Western Europe. But in all the reports about reshoring becoming something of a trend, the focus is always on manufacturing, not the IT or IT service market.