Latest trends in Outsourcing

Change as the everlasting constant stands true even in the outsourcing industry that is getting to
witness quite a large number of new arrivals. Technical experts had cited the hope of a rebound
for IT outsourcing market in !"! backed up by the steady growth rates across the world.
#ebidding and renegotiation were to be the bu$$words this year. %fter all& it is always wiser to
move with a trusted accomplice during testing times than gamble with an unknown alliance.
%nd the idea that the world is definitely flat& speaking from a business angle& not topographically&
outsourcing becomes a lucrative option. There is no second opinion on the ideology of getting
the best done at the optimal rate from the best people.
% very innovative and interesting trend is e'governance in outsourcing. This simply means
carrying the government services to the masses through the electronic media. #ed'tapism&
unnecessary delays and negligible productivity are some of the characteristics of government
agencies. (ith a private partnership outsourced to the best available talent& these problems are
taken care of while ensuring a superlative result. )ow is this done* The answer is very simple.
It is this habit of double'checking and creating backups for everything that has helped many of
the government agencies survive the economic meltdown& India to cite an example. Outsourcing
the routine operations to a private partner while the government officials concentrate on their
core competencies is what e'governance is all about. Through this method& efficiency is retained
and productivity improves since private parties work with a goal in mind and a target to
complete. +ob insecurity and fierce competition are encouraged in these sectors so that all people
are constantly on their toes. The output would hence be excellent and up to the mark.
,igiti$ation of government services would make them penny wise and pound wiser. This is
because you ensure optimal use of time and cost effectiveness as well as get the desired results.
%nother important offering in outsourcing today is outsourcing of retail services. (ith (al'-art
and Carrefour striving to make their presence felt in all ma.or countries of the world& customers
are raising their hopes of getting the best of all international brands offered to them without
moving an inch. /one are the days when you could boast of getting 0ethnic1 stuff from the 2ast
or the delicate chinaware from the Orient or the latest accessories from the fashion capital of the
(orld. (ith the geographical borders getting almost transparent& all companies need trustworthy
supply chain and marketing partners overseas who would handle the transportation and
distribution& and at times even manufacturing of their ware at subsidi$ed cost. This is why
earlier we had an imported -ercedes but today we have the same envy'ob.ect manufactured in
India commanding the same honor and pride of ownership.

(hen all are busy outsourcing their routine operations& there is also an avenue existing wherein
one can outsource the function of research and development to the ones who are adept in it.
Countries like #ussia and India have a history of being the pioneers in the fields of scientific&
educational and nuclear research. The brains here have been eyed upon by many of the
multinational companies. The option of collaborative research outsourcing stems from this very
fact that the residents of such nations have the resources at their command and have proved their
effectiveness in the field of research and development. -any renowned companies such as
-icrosoft& Intel& 3oeing and others are users of collaborative research outsourcing.
These were some of the impressive developments in outsourcing. There are and will be many
more to come as well.