More Mid-sized Companies are Embracing Offshoring/Outsourcing, Survey Says

Discussion in 'Economy' started by hvactec, Mar 11, 2012.

  1. hvactec

    hvactec VIP Member

    Jan 17, 2010
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    by pharmamanufacturing

    As President Obama has begun his Insourcing campaign, designed to bring more manufacturing jobs back onshore, Duke University’s Fuqua School of Business released results of its latest survey of offshoring and outsourcing practices. Companies that have moved processes offshore say they have gained in flexibility and agility, and the ability to compete in challenging economic environments, Duke says.

    According to Fuqua professor Arie Lewin, 66% of respondents this year said offshoring has led to improved flexibility, up from 48% in 2009 and 66% last year. India, China and the Philippines dominate, especially in the areas of IT infrastructure, application development and maintenance, contact centers and innovation activities, but Latin America is emerging as a new global sourcing site. Mid-sized companies are reporting aggressive plans to expand and begin new offshroing initiatives, with 73% of respondents from mid-sized companies saying that they plan to expand existing offshore business processes over the next 18-36 months.

    read more More Mid-sized Companies are Embracing Offshoring/Outsourcing, Survey Says | PharmaManufacturing Community

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