The tsunami of sourcing has only just begun, says outsourcing industry visionary Ben Trowbridge, CEO of outsourcing advisory firm Alsbridge. In his 2008 predictions released this week, Trowbridge believes landslide economic drivers will continue the global redistribution of labor to its natural location and push offshoring and outsourcing to new heights. The speed of this move will be driven by continued high energy costs, the restriction of capital access driven by the sub prime meltdown and low unemployment in technology and accounting.
These forces will drive providers and buyers to evaluate more clearly their options based on the emerging economic facts of 2008. Trowbridge says outsourcing providers and buyers will make strategic decisions in 2008 based on how their business is affected by the sub prime market, oil price increases, offshore wage inflation and the falling value of the U.S. dollar.
