Global Outsourcing on Wane

Companies have pushed the pause button outsourcing – despite dire predictions of thousands of jobs moving from developed nations to developing ones. Part of the reason could be politicians taking a protectionist stance in campaigns and pledging to stop outsourcing. The index provided by sourcing consultants TPI, based in the US, analyzes the global outsourcing market and reports that the value of business-process outsourcing is on the rise, but not enough to offset the decline in information-technology outsourcing. The total number of deals has increased, based on renewals, but overall value declined because initial transitions include more costs than renewals. The report also concludes that corporations have become more selective about which work should be outsourced. – YaleGlobal