A new report out this week by global consultancy McKinsey & Co, Destination: China, A Perspective on the Offshoring and Outsourcing Industry maintains that while China has made tremendous leaps in terms of software development in recent years, it can’t realize its ambition of becoming the leading global offshore-outsourcing destination anytime soon, predict industry watchers. Out of a total of $80 billion worldwide revenues for providers of offshore services in business and technology, India leads by a wide margin, garnering $58 billion — a market share of over 70%. Read more
It’s a bitter irony of a globalized era. You can live far more comfortably on a smaller salary in a lower-wage country like India or China, than is possible in the US or UK on a hefty package. Small wonder IBM dangled the carrot of offshore jobs before its laid-off IT employees but they were so skeptical of the move, they did not fall for the bait. Read more
On my way to the Grand Canyon, I once happened to visit a souvenir shop in Arizona, where, little figurines of ‘indigenous’ Indian art, discreetly bore a ‘Made in China’ tag! Later, I was not surprised to learn that almost 80% of toys sold in the US are made in China. Now, this tide is turning its course to India. Read more
Research-based pharmaceutical companies have found a medicine against a headache they have. Headache – due to increasing costs and risks among other. However, they did not have to discover this medicine – that have been known for a long time… Read more
Is it possible to make much more profit than revenue – and that in the time of crisis? Yes, it is. Is it also possible to generate positive cash flows reporting decreasing revenues? – It is also possible, let’s learn, how to manage it. Read more
At last week’s fifth India Innovation Summit 2009, Wipro’s chief executive officer Azim Premji warned that India should not be complacent and fall into the “India advantage” trap and what he referred to as India’s “thumping on the back” mentality as competition was fast catching up (somewhat ironically, this year’s summit was entitled: “The Role of Innovation in an Economic Downturn – The India Advantage.”) Read more
When it comes to outsourcing, India’s success is undisputed and much of this success is due to the sheer size of the brainpower pool that India has to offer. Read more
The concept of outsourcing has provided the best opportunity for the Asian countries to establish themselves on the world map as economic giants. The question is interesting and intriguing: the century of Asian giants is coming? Yes, we are talking about China and India. What you think made them become one of the strongest economies of the world? It was the strength of their workforce that could withstand the demands of almost the whole world.
The outsourcing industry all over the world is facing lots of trend-changers. Earlier this year, it was the dropped value of American Dollar in the international market; now the fuel prices are putting pressure on shipping and transportation issues required to fulfill the needs of outsourcing. No wonder that China is starting to face some problems here.