breadflation noun [U]
a continuous increase in the price of bread
While prices are going up just about everywhere, a few items tend to stand out more than others. Enter “breadflation”. The average per-pound price of white bread in the U.S. has surged more than 25% since the pandemic began. And premium loaves of bread are selling for as much as $10.
[hits961.iheart.com, 22 July 2022]
nearshoring noun [U]
UK /ˈnɪə.ʃɔː.rɪŋ/ US /ˈnɪr.ʃɔːr.ɪŋ/
the practice of operating a business or part of a business in a nearby country, usually because this involves paying less tax or other costs but is still close enough to be convenient
A very similar process to offshoring, nearshoring involves employing teams in neighboring countries. These are usually territories within three time zones of your home country. For example, a Central European company that seeks cheaper technical skills from Eastern Europe … Nearshoring is seen as the middle ground between offshoring and onshoring. You can benefit from reduced costs for skilled workers while avoiding the communication issues that come with offshoring.
[futureofsourcing.com, 17 December 2022]
recommerce noun [U]
UK /ˌriːˈkɒm.ɜːs/ US /ˌriːˈkɑː.mɝːs/
the practice of buying and selling used goods online, usually on websites created for this purpose
Because recommerce revolves around buying and purchasing second-hand products, it leaves a positive impact on the environment. Now more than ever, consumers are buying more products but keeping them for a shorter amount of time, which causes concern for an increasing amount of discarded textiles in landfills each year. The recommerce space helps avoid this by encouraging the recycling of clothing and other products to consumers.
[whiplash.com, 20 October 2022]
2 thoughts on “New words – 13 March 2023”
Inflation, deflation – it’s made clear changing process value of money.
What direction breadflation does proceeding?
I wondered if Nearshoring might be something to do with having a close shave with a sheep.