Exceeding Outsourcing Prediction
The Philippines have exceeded its outsourcing prediction.
This was the general view of the research report conducted by the advisory firm XMG. According to the report, the Philippines could experience an annual growth rate of 62% thus surpassing the outsourcing growth expected in other outsourcing countries such as China, India, and Malaysia.
Different factors which could attribute to this trends was also mentioned in the study stating that:
"The cost of operations in top outsourcing destinations is increasing due to wage hikes needed to retain good people, coupled with rising real estate prices and the effect of accelerated currency appreciation in Asia."
I think that the Philippines also possess qualities that every outsourcing destination has. The only problem here is the marketing strategy that these countries have. In this department, countries should think of suitable and attractive ways to attract clients so as to promote their country in the world of outsourcing.
Erratum: I originally wrote that the study was done with ICT. I would like to correct this mistake because the research was conducted solely by XMG. Apologies to any inconvenience that I have caused.
Thanks
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I think a lot of companies outsource to the Philippines mainly because they can speak English fluently than others. Communication is also a key in this trade.
Comment by outsourcing expert on April 24, 2008 3:18 am