May 16, 2005
Deloitte Report Indicates Waning Interest in Offshore Outsourcing
A recent report by Deloitte Consulting verified what those close to the outsourcing industry already knew, there is a waning financial interest in one-stop offshoring to India and China. While Deloitte is quick to point out that outsourcing will almost certainly offer infinite advantage to firms in some situations, the rising wages, security concerns in outsourcing countries coupled with increasingly technically specific needs by companies is already taking its toll on the offshoring industry. The Deloitte report simply confirms this by stating the increasingly large companies are choosing to use multiple vendors rather than outsourcing through one single firm, while simultaneously moving some areas of operation back in house. The Financial Express Reports:
“In the near future, with structural risks that cannot be fully mitigated, uncertain cost savings, and a multitude of components to manage (people, process, and knowledge), outsourcing will likely lose lustre for large organizations,” the report says.
Read More: Deloitte report casts shadow over outsourcing boom
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