December 11, 2006
China Will Lag Other Markets In 2007
As the year ends, it is time to take stock of the past year and find out what can be done to better business in the coming year. One thing outsourcing service providers must place higher priority on is staying cost competitive. They must also try to stay ahead of global trends in the sourcing market if they are to remain viable.
According to Ben Trowbridge, CEO of global advisory firm Alsbridge, US-based companies will accelerate their outsourcing strategies to stay competitive. The main reason for the increased traffic is the tightening U.S. labor supply in technology, accounting and other processes. And contrary to prevailing opinion, cost of labor in India will remain neutral when compared with wage inflation in the U.S. market. Sdcexec.com reports:
Contrary to prevailing opinion, China will still lag other markets, mainly India, as a destination for English-language-driven business process outsourcing (BPO) or shared service centers due to language, low national birthrate, intellectual property and other legal issues. The exception will be those companies who have a market strategy to sell into China market, which will override the former comments.
Read more: Predictions for 2007 Trends in the Outsourcing, Shared Services and Offshoring Market
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