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Outsourcing News : Article

Offshoring's Uncertain Future in 2009

Outsourcers insist their business will continue to grow even as the industry deals with a major scandal. Another problem: some of the industry's biggest customers — financial services firms — are hurting.

Outsourcing experts and providers are hoping the down economy will give them an up side: Companies needing to make drastic cuts could see a solution in replacing costly full-timers with contractors working in countries that provide lower wages.

Some say it's already happening. Consero Global Solutions, which outsources finance and accounting work to India for small businesses, claims its revenue grew 90 percent last year compared to 2007, partly because of the financial turmoil.

Read entire article on CFO.com

Posted: Thursday, January 08, 2009

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