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5 Strategies to Recession-Proof Your Business

Metasource

The answer differs based on who you ask, but according to a Bloomberg survey of economists , the recent interest rate hikes by the Federal Reserve along with the current banking crisis have greatly increased the odds. You may also want to consider outsourcing some of your business processes to trusted partners.

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US Companies That Outsource And Remained Recession Proof

Magellan Solutions

While that may be part of the reason for their offshore outsourcing, it is actually about the materials, as well. A leading global bank founded in New York, Citi has been outsourcing its tech operations since 1992. The pharmaceutical giant has been outsourcing its operations for decades. Eventbrite.

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Companies That Outsource IT Abroad

Magellan Solutions

Meanwhile, here is the list of some prominent companies that outsource IT over the years: Microsoft. Commonwealth Bank of Australia. Companies that Outsource IT. Currently, this petroleum refining company partners with several service providers to meet its IT demands. Commonwealth Bank of Australia. Cost-effective.

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Back Office Outsourcing In The Highly-Competitive Marketplace

Magellan Solutions

A 2015 Business Development Bank of Canada research paper entitled, “SMEs and Growth: Challenges and Winning Strategies” also found out from their survey findings that 64 percent consider rising operating costs as a major challenge facing SMEs’ growth. Data Management Services.