article thumbnail

Major US Companies that Used Outsourcing to Recession-Proof Themselves

NoonDalton

Nearshoring Nearshoring is the practice of moving a portion of production or providing a service to a nation where the final destination is located and there is a common border or close proximity. Reshoring Reshoring is the process of relocating production or development domestically.

article thumbnail

Is there an actual Recession in the IT industry in 2023?

Vilmate

The euro sharply declined against the dollar, reaching a parity last seen almost 20 years ago in September 2002. Afterward, the bubble started to deflate, and by early 2002, the NASDAQ Composite index plummeted to 1131.94 appeared first on Nearshore Software Development Company in Ukraine - VILMATE.

Jobbing 52
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is a Digital Twin and when you might need one?

Vilmate

However, the practical application of digital twins didn’t occur until 2002. appeared first on Nearshore Software Development Company in Ukraine - VILMATE. The idea of digital twins belongs to David Gelerneter, who introduced it in 1991 through his publication ‘Mirror Worlds’. Click to rate this post!

article thumbnail

The Most Successful Startups You Could Learn From

TMS

In late 2002 he used his network to recruit a team of old colleagues. Now its presence in the market is huge, with over 3 million users and $15 million secured funding. Reid Hoffman had worked at SocialNet and PayPal. During his time at these businesses, he made many contacts and friends.

article thumbnail

The Current State of Technology in Mexico

Intugo

The IT sector employs nearly 600,000 people and registered an average annual employment growth of 11% between 2002 and 2011. The Mexican government estimates that the information technology services market amounted to more than 2.15 billion dollars in 2022, representing 18.4% growth compared to 2021.