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Key Outsourcing Trends to Watch Out For in 2009

by: Karen Cayamanda

Friday, January 2, 2009 |

The International Association of Outsourcing Professionals (IAOP) predicted the top five outsourcing trends for 2009: nearshoring, outsourcing volatility, professional expertise to be further valued, success of strategic outsourcing companies, and emphasis on social responsibility.

  • Nearshoring - Companies do not have to outsource business operations in far-off countries. Outsourcing closer to home will be a trend since there will be a large pool of skilled workers as a result of layoffs in different industries.

  • Outsourcing volatility due to global uncertainty - The outsourcing industry will experience slow growth this year. Companies will work on shorter contracts and with few outsourcing partners.

  • Pressure on outsourcing professionals - Experts in organizations will be valued to manage the outsourcing process.

  • Success of strategic companies - Strong and strategic companies can take advantage of the current economic crisis. These businesses will also be increasingly valued in the outsourcing industry.

  • Social responsibility- Welfare programs and working on socially responsible environments will be outsourcing themes this year.

IAOP, the global, standard-setting organization and advocate for the outsourcing professionals, came up with these key outsourcing trends based on analysis of the global factors that have an impact on the outsourcing industry.

Source:
http://outsourcingprofessional.org

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