Offshoring delivers more than just labor cost savings and a good offshore strategy generates new revenues, increase capital productivity, and manage risk. But in many sectors, relatively few executives are acting on this knowledge. This, despite leading companies showing where the gains can be made. Mckinseyquarterly.com reports:
One reason for the lag is that many executives don't fully recognize the potential for generating revenues and cutting costs through offshoring—or through broader strategies that combine it holistically with other restructuring initiatives.
Read more: Taking offshoring beyond labor cost savings