Strong Future of Outsourcing
Strong Future of Outsourcing

The Strong Future of Outsourcing

Today in this podcast, Derek discusses a recently released white paper and It is called, “The Strong Future of Outsourcing” and it is discussing from the perspective of the SME market.

 

Summary:

  • Outsourcing sector has been going about 25 years since the advent of cheap telecommunications, internet, and the evolution of technology according to Derek.
  • According to Derek, Philippine BPO sector is expected to slow down from the double-digit growth rate enjoyed during the first phase of its expansion.
  • Derek shares that there are concern that the industry is not keeping up with the required evolution for to be able keep up with its previously high growth rates.
  • He feels that the Philippine economy or the outsourcing sector has really taken for granted a lot of this growth in the industry.
  • Derek talked about the democratization of outsourcing the strong future of outsourcing coming from SME sector.
  • He believes that that over the next 20-30 years if not every single business will be outsourcing some of their staffing requirements.
  • Derek strongly believe that there is a strong future for outsourcing and that is a win-win for all involve.

 

Key Points:

  • Philippines Outsourcing industry has been an economic savior for the country.
  • In just 10 years, the Philippines increase it’s world share of outsourcing service provision. From 4% in 2004 to 12.3% in 2014.
  • The Philippines BPO industry raked in over 22 Billion in 2015 and today it is the second largest source employment in the country.

 

Resources:

https://outsourceaccelerator.com/161

https://outsourceaccelerator.com/whitepaper/strong-future-of-outsourcing-white-paper/

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