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Outsourcing to present “full potential” in 2010

by: Admin

Wednesday, January 13, 2010 | Outsourcing News |

Information and communication technology research and advisory firm, XMG Global, claims in a report that “outsourcing will present its full potential once more in 2010” - with revenues for the year expected to reach $412 billion.

Outsourcing considered for efficiency and profitability

While some predict that affordability will continue to dominate as the driving factor for buyers in the outsourcing industry, XMG says that outsourcing this year will be considered as a business model aimed more towards efficiency and profitability and not simply a means to cut costs.

“In the face of global competition, governments of major outsourcing destinations will formulate new rounds of resolutions to improve business environments and promote new investment locations,” XMG said.

Among other predictions for the year in the report by XMG were India and China being the most preferred outsourcing destinations. XMG warns of a skills shortage by the second quarter and higher levels of competition for workers and customers in the telecommunications sector, Philiippine Daily Inquirer said.

Source:

http://business.inquirer.net/

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