Europe Feels the Crisis
Filed in archive Outsourcing News on October 20, 2008
As today's ZDNet Asia makes clear, the economic slowdown and its effect on outsourcing in the financial segment, has crossed the Atlantic and is lowering the overall deal flow in Europe, too. While this is not surprising, it is indicative of the way that the effect of the slowdown has been felt across the world.
Whether this effect is long-lasting remains to be seen, but there are signs that cause concern for this author. In many economies, governments are taking equity positions in financial institutions as a way of shoring up their capital structure. These same governmental institutions serve a broad variety of interests, and may be looking to reset the management focus from pure shareholder value to more of a stakeholder value approach.
With such an approach, job creation and stability may become a priority - and opponents of offshoring may find new allies in the corporate boardroom.
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Tags: europe crisis slowdown outsourcing 2008 feels+crisis europe+feels october+2008
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Response from:
Phil-Am Outsourcer
(10/31/08 9:25pm)
Thank you Mr. Weiss for this insightful article. Due to the recent US economic meltdown, BPO/KPOs in the Asia-Pacific are scrambling for stability in European shores but this can prove difficult as you mentioned since Europe will also be protecting themselves by ensuring any corporate investments would remain within domestic borders.
Response from:
Daniel
(11/16/08 11:52pm)
As the whole world's economy is slowing down, an outsourcing company, which is speeding up to expand its business, draw my attention.
It's BPOVIA Ltd.(http://www.bpovia.com)
It provide small and growing companies with an on-demand and one-stop solution of essential business services varies from data entry, word processing to the tasks require more advanced skills like website design, graphic design, internet research, etc.
It's really cool! Check it out yourself!
It's BPOVIA Ltd.(http://www.bpovia.com)
It provide small and growing companies with an on-demand and one-stop solution of essential business services varies from data entry, word processing to the tasks require more advanced skills like website design, graphic design, internet research, etc.
It's really cool! Check it out yourself!
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