Reasons for Offshoring changing

Increasingly, companies no longer perceive offshoring as a way of cost cutting only, but also as a growth strategy. Recent results of an ongoing survey by the Offshoring Research Inititiative finds the following list of reasons for offshoring:

• Cost reduction (97%)
• Growth strategy (73%)
• Competitive pressure (71%)
• Access to qualified personnel (70%)
• Industry practice (52%)
• Improved levels of service (50%)
• Business process redesign (48%)
• Changing the rules of the game (37%)
• Increased speed to market (35%)
• System redundancy (33%)
• Access to new markets (25%)

The goal of the research is to objectively benchmark key performance metrics and the current perceptions of financial, operational and political risk associated with the five leading Offshore operational models.