Offshoring

Nearshoring Vs Offshoring Vs Onshoring: Key Elements to Understand When Dealing With Outsourcing Services

Posted: 12/17/2022 - 01:31
Author: Jessica Day
Nearshoring Vs Offshoring Vs Onshoring: Key Elements to Understand When Dealing With Outsourcing Services
Outsourcing is a long-established practice of modern business. It was first popularized in the 90s when Kodak was among the first tech companies to outsource work to another company, in this case IBM. Since then, companies in the tech industry and beyond have used outsourcing in a variety of ways.
 
Why do businesses use outsourcing?

5 Tips for Cross-Border Business Success in Latin America

Posted: 02/19/2020 - 04:01
Author: Craig Dempsey
Nearshoring in Latin America

With a regional GDP predicted to grow at least 2.5% per year over the next 10-15 years, Latin America makes up an enticing emerging market that will soon outpace larger, more established ones. According to Americas Market Intelligence, Latin American e-commerce revenues reached $109 billion last year. The e-commerce market is already substantial, with Colombia and Argentina making up two of the top three fastest-growing e-commerce markets in the world.

Onshoring vs. Offshoring: 4 Indications the Tide is Turning in Manufacturing

Posted: 11/06/2019 - 07:18
Author: Jim Quinn
Uncertainty over the future of the ongoing trade war between the U.S. and China continues to take its toll on supply chains worldwide. While some companies and manufacturers are setting their sights on alternative foreign factories, such as Vietnam and Thailand, others are looking to make parts closer to home. 
 

Sourcing Star Interview: Jerry Durant

Posted: 09/25/2019 - 07:54
Author: Jerry Durant
Sourcing Star Interview: Jerry Durant

How did you get into this field – was it purposeful or by accident?

Quite by accident. In 1985 a long standing customer approached us to find resources to maintain one of their legacy applications. Through the course of discussion about resource and annual costs we jointly reached the conclusion that finding foreign resources might be a solution.  After deliberations, bid proposals, visitations and indepth reviews it was concluded to offshore the application to Calcutta.
 

Stop Faking Cultural Understanding: 5 Tips for Building Effective Relationships Overseas

Posted: 07/17/2019 - 07:11
Author: Albert Brenner
Business Relationships Overseas
As the world continues to shrink and the global supply chain grows, it’s not enough to invest minimally in your international relationships—it means truly understanding the people and culture you’re working with. These relationships can become a valuable asset to your business, giving you an advantage over competitors.  
 

Life Lessons: Rick Sturge

Posted: 04/11/2017 - 03:51
Author: Rick Sturge

Rick Sturge is EVP Business Development at Firstsource Solutions, with over two decades' experience in outsourcing and business transformation. We turned to Rick for the latest in our Life Lessons series - and received lessons aplenty...

What has been the single most significant development to impact your profession or area of business during your career, and why?

Brexit: more March Madness

Posted: 03/31/2017 - 03:46
Author: Craig Wright

There’s a new twist on March Madness, at least in the United Kingdom's IT services world, as the UK has officially triggered Article 50 of the Lisbon Treaty advancing Britain’s separation from the European Union. This blows open the future of the EU and, among the many other oft-discussed prognostications, challenges the whole basis of IT outsourcing services delivered between the UK and the EU.

Does US outsourcing have a Mickey Mouse future?

Posted: 02/18/2017 - 02:50
Author: Chris Niccolls

Ever since the 2016 elections, America’s outsourced manufacturing has consistently been front-page news. Now news stories are shifting towards the larger world of foreign imports, rather than just outsourcing. That means new policies and taxes that will impact, well, just about everything! That means all consumer goods, cars, electronics and a lot more. But what about... cartoons? Yeah… what about the Saturday morning ghetto, Hanna-Barbera, The Simpsons, and the Cartoon Network?

The X-factor for successful offshore delivery

Posted: 02/14/2017 - 05:24
Author: Ashutosh Agarwal

Over the last two decades I have had the opportunity to work with some of the largest (as well as mid-sized) enterprises who had outsourced their IT work to offshore based teams. The offshore teams themselves were either part of service providers who were domestic companies out of North America/Europe, or part of providers who were headquartered out of India (with largely a sales presence in North America/Europe).

Immigration worries for outsourcing

Posted: 01/30/2017 - 20:00
Author: Jamie Liddell

Little more than a week into his presidency, and Donald Trump has already taken plenty of steps to ensure that anyone hoping or fearing that his more aggressively populist pre-election promises were merely vote-summoning rallying cries that would be forgotten were he to be elected will have their doubts dispelled.

The other shoe just dropped

Posted: 11/02/2016 - 07:47
Author: Chris Niccolls

For years, the outsourcing world has been buzzing about reshoring (or "backshoring"), taking the jobs we sent offshore years ago and bringing them back to the US and Europe. Low wages, cheap property, and favourable taxes made offshore manufacturing very attractive. But in recent years property values rose, staff turnover increased, and wages just keep heading up. Despite weakening economics, offshore still made sense. Until today!

Pay the price of a low price, or why nearshoring is replacing typical offshoring

Posted: 11/01/2016 - 09:30
Author: Comarch

Many people ask themselves if price should be the most important factor in the process of selecting an IT service provider. Is the cheapest option always the best one? It might be true, but there are some conditions. In this article, you will learn why many companies have ditched outsourcing for nearshoring.

From deep roots to modern outsourcing

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