A Year of Renewing Contracts

Filed in archive Opinions & Insights on January 3, 2007

Just when I thought I had enough of reviewing 2006, I somehow managed to come across this article.

This is a very interesting take in the past outsourcing year because it mentions that the year 2006 was the year for "outsourcing contract renewal and extensions". It also details a chart which shows the following information:
-companies which renewed their outsourcing deals and their location
-month of renewal
-outsourcing vendors/service providers
-type of outsourcing deal (BPO, KPO, etc.)
-outsourcing period
-monetary value of outsourcing deals

It's interesting to see that more and more companies are renewing their outsourcing deals despite reports stating that outsourcing is long dead. From my point of view, I believe that wrong approach in outsourcing is dead and what prevails now is a smarter and wiser outsourcing approach.