article thumbnail

Onshoring vs. Offshoring: 4 Indications the Tide is Turning in Manufacturing

Future of Sourcing

Another indicates that two in five American companies with manufacturing arms in China have either relocated or are planning to relocate their production to other offshore sites. When I started nearly 20 years ago, sourcing costs were much lower. Compare this to offshore options, which can take weeks. Less safety stock.

article thumbnail

The GCC Juggernaut: Unleashing the India Capability Stack for Global Impact

Zinnov

Tn, is at the same level as China’s GDP in 2007. MOSIP, an open-source initiative by IIIT Bangalore, is allowing countries around the world to implement Aadhar-equivalent systems to provide digital identities to their citizens. Economic growth in India and Asia : India’s GDP, currently around USD 3.5

professionals

Sign Up for our Newsletter

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

article thumbnail

10 Examples of Bad Outsourcing and How to Avoid Them

Magellan Solutions

You must be ready to handle any risks or challenges you may encounter before you employ an offshore staff. . Source: Magellan Solutions. The Queensland government hired IBM in December 2007 to create a payroll system for the Queensland Health Department. We’ll look at seven significant outsourcing failures in this article.

article thumbnail

How SMEs Solved These 4 Challenges Through Back Office Service Solutions?

Magellan Solutions

The dollar volume of bank loans for SMEs declined by 20% since the recession in 2007. . This goes to show how start-up businesses consider offshoring as part of their early plans. You no longer have to pay so much in getting a professional account as offshore BPO can take care of it for you. . Lack of Financial Access.

Service 52