Outsourcing to India has been an explosion of industry for the country in the last few years. With the main resource for clients coming from the US. The growth of the economy has been on track for the last few years as well at a steady 9% increase every year. Well the slow down in the US economy is starting to see some trickel down effects in India now especially in their outsourcing industry.
It’s funny that in a slowed down economy that there would actually be a slow down in companies looking to outsource their resources. Whenever I have thought about or heard about a company outsourcing their resources to another country it was in order for them to save money in difficult financial times. Unless it is just a case of less companies that are in business to actually outsource a business for.
It’s not all bad news on the outsourcing news front though. There are reports coming out of Japan and Korea that the major players in the manufacturing of LCD-TVs are looking to make some serious cutbacks during these questionable financial times. Companies like Sharp, Sony, Samsung and LG are all considering an increase in the way the manufacture the LCD-TV products. Now this is saying a lot as these companies traditionally keep the manufacturing of their products in house.
So what’s the deal here on one end you are seeing a slow down in the outsourcing industry and at the other end of the spectrum you have companies that historically never outsource their resources starting to reconsider their business practices. Are these fluctuations normal or is this more of a market specific shift.
Is outsourcing your resources still a viable way to do business. Is the slow down in India an indication of a shift in the way US companies are looking to do business. In these hard economic times are US companies looking for more ways to keep their resources and jobs in the US. What do you think would be a cause of the slow down? Do you notice more US companies trying to keep jobs in the US instead of outsourcing them out of the country?
