In The News

COVID-19 Hits Indian Outsourcing: Financial Times

Benjamin Parkin April 4, 2020
As the COVID-19 spreads in India, Prime Minister Narendra Modi announced a 21-day nationwide shutdown with a strict curfews and limitations on running non-essential businesses. The shutdown poses disruptions for one of India’s pillar industries – IT outsourcing serves many major multinational companies, such as Citibank and Pfizer. With more than 900 confirmed cases at outsourcing firms, IT...

Paris Innovation Review: 5 Societal Changes Shake Up Business

Farid Baddache June 22, 2018
Governments and consumers have expectations when choosing among products and companies, and five global trends are emerging: Customers increasingly assess the meaning, purposes and consequences of projects, and companies can encourage customer loyalty by demonstrating their products contribute social benefits. In particular, customers expect companies to promote environmental protection and work...

Global Finance: US Manufacturing – The Reshoring Is Real, The Jobs Are Not

Craig Mellow October 30, 2017
Companies are relocating production to the developed nations like the United States, but hiring fewer workers. One case study suggests that a single US worker combined with investment in automation can replace seven Chinese workers. The trend has been in place for several years in both the United States and Europe. Craig Mellow, writing for Global Finance, points to four reasons: Labor costs are...

Global Finance: Trade Winds Shifting

Jonathan Gregson August 5, 2017
After years of stagnation, international trade growth is anticipated at 4 percent this year. “Many factors could explain what appears to be a secular decline in global trade: lower levels of business confidence and investment; demand cycles and their impact on commodity prices; the maturing of global value chains, which have in turn triggered structural changes in the composition of cross-border...

Your Job Is About to Get “Taskified”

Mary L. Gray February 18, 2016
Many in the digital industry are auditing jobs and identifying each task to increase productivity and give more assignments to temporary workers. “Corporations, from the smallest start-ups to the largest firms, can now ‘taskify’ everything from scheduling meetings and debugging websites, to finding sales leads and managing fulltime employees' HR files,” explains Mary L. Gray for the Los...

When a 127-Year-Old US Industry Collapses Under China's Weight

Joe Deaux November 4, 2015
Companies and consumers alike seek supplies with lowest prices. That trend is prompting Alcoa to cut back on making and refining aluminum. “For more than a decade, output has been moving to where it’s cheaper to produce: Russia, the Middle East and China,” reports Joe Dean for Bloomberg News, adding that low labor, energy and currency costs give overseas plants an advantage. China accounts for...

Jobs Across the Web

Nayan Chanda March 13, 2014
The tech industry is now changing the nature of outsourcing. Employees no longer must leave country or home, and companies can pay for the amount of labor they need. “Online portals linking a job seeker with a global employer is the latest iteration of an evolution of e-commerce involving products,” explains Nayan Chanda , YaleGlobal editor, in his column for Businessworld. “The next phase of the...