One of the many manifestations of globalisation is offshoring. While this practice of migrating business functions overseas yields immense benefits for both offshoring and destination companies and countries, critics still point out several drawbacks. Among these are loss of jobs in the country of origin, as well as loss of competitive edge due to outsourced research and development or IT. Complaints also include lower quality of work done abroad resulting from lower operating costs, which companies are really after in the first place. This is just inaccurate. Companies that offshore successfully not just look for the lowest cost, despite what doomsayers claim, but they also aim to get the best value.
Some of the arguments against offshoring may have some merit, but there are definitely opportunities to counter them. For example, skilled human resources that may not be available locally could be accessed on other shores. And because non-core functions are commonly offshored, companies are now able to focus their time and valuable resources on their core business.
Read the full article by Acquire BPO CEO, Scott Stavretis, to find out more about what offshoring truly brings to the table: http://theoutsourcing-guide.com/whos-afraid-of-big-bad-offshoring/