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Overview: Over the last year, the global financial crisis and recession have resulted in accelerated adoption of outsourcing and offshoring as essential business tools. Companies of all sizes are turning to outsourcing and offshoring to weather the severe economic downturn by reducing costs and overhead and gaining more flexibility in order to ride out the storm. Of course, this raises some key questions: Is outsourcing a good business decision during recessions and other times of crisis? What are the main factors influencing outsourcing and offshoring? Is outsourcing right for my company? And what trends are affecting the nature of the industry as a whole? This white paper addresses each of the aforementioned issues, while discussing outsourcing in general and the specifics of the practice under tough economic conditions.
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