The COVID-19 pandemic has thrusted outsourcing into the spotlight – rapidly transforming the traditional BPO model and highlighting the advantages of remote work. Outsourcing, which is the contracting of business processes to an external provider, has an expected global market cap of $220 billion in 2020.
As globalization rapidly evolves, driven by innovation and technology, business must adapt in order to remain relevant and competitive. Physical goods, for example, were once shipped from one country to another but can now be produced by a third-party within the destination country.
Running a business may seem pretty simple: developing a product or service strategy, marketing to prospective customers, and making profits from sales. But between managing core
Taiwan is among Asia’s most promising outsourcing destinations today. From 2013 to 2016, the only Chinese democratic nation has consistently ranked among Tholons’ list of Top 100 Outsourcing Destinations and was among the five best countries for outsourcing in 2019. Considered one of the four Asian tigers, Taiwan is also positioned as one of the […]
Business needs for expansion and growth, fueled by globalization paved the way for outsourcing in Asia. This need for measured growth has driven the Asia-Pacific region to become the leader in global outsourcing. In 2018 alone, Grand View Research valued the region’s market size at $48 billion. Asia’s outsourcing industry is expected to grow at an […]
As technology and communication processes see the light of innovation, the infrastructure for business operations has been continuously evolving. One innovation shaping how businesses operate is outsourcing to Asia. Business outsourcing in Asia optimizes the use of an organization’s resources without sacrificing the quality of work, services, and products delivered. Tapping into the vast outsourcing […]
The outsourcing industry in Vietnam has grown steadily for the past several years which is why outsourcing in Vietnam has become an attractive notion for businesses worldwide. The Vietnamese government has been vigorously promoting its international economic integration since becoming an APEC member in 1998 and WTO member in 2007. Aside from implementation of various […]
Thailand’s outsourcing industry is stepping up as a promising player alongside traditional outsourcing heavyweights: the Philippines and India. According to the World Bank, the Thai Gross Domestic Product (GDP) in 2019 was at $544 billion, representing 0.45% of the world economy. A booming tourism and export recovery as well as development of private healthcare, commercial, […]
Nepal wants to be the next big thing in the outsourcing industry. It is an ambition that can be realized if significant improvements will continue to manifest not just in its political and economic reform agenda but also, with the way it handles key issues such as investment policy, infrastructure gap, workforce development, workforce diversity, […]
Indonesia, the fourth most populous country in the world, is also earth’s largest archipelago, made up of more than seventeen thousand islands. Home to at least 270 million people with 60% of the population living in Java, the nation’s capital and the most progressive island where government agencies and businesses are actively operated. It is […]