Read this informative blog post to find out which country you must outsource your business to.
Usually, there is a lot of research and analysis that goes in before outsourcing. For instance, a company might consider a particular outsourcing location because they have a good people score (measured by educational skills, language diversity, and the size of their information technology industry). At times, the political/economic environment of an outsourcing location will be considered.
Is the political environment under control? How good is the country’s infrastructure? Is the cost of labor low? Does the country have a growth potential? Is the country financially attractive? These are some considerations that can help you evaluate if a particular country can efficiently manage the business you outsource to them.
Here is a list of the top five countries best suited for outsourcing business.
No 1: India
India tops the chart as the most popular choice for outsourcing. In fact, hearing an Indian accent is quite normal, when you attempt to activate your new Smartphone. Companies, both far and near, are continuing to reach out to India because the country has ample availability of efficient, intelligent, and extremely hard-working individuals. The only drawback is the country’s political environment and large population, which can sometimes create an unstable environment.
No 2: China
China, the second-largest outsourcing service provider, is still making its way in the world’s economy as it joined the global business only 21 years ago. Today, China has over 1.3 billion consumers in its market and is one of the most popular locations for manufacturers and retailers. China is one of the key players in the global outsourcing industry and plans on stealing a huge segment of India’s outsourcing revenue in the near future.
No 3: Malaysia
Today Malaysia is one of the world’s top three global leaders, with its net value being close to $1.9 billion in 2014. Malaysia is a key contender for IT consulting, Systems Integration, and Business Process Outsourcing. When compared with India and China, Malaysia has low people skills, which has lowered its outsourcing attractiveness.
No 4: Thailand
Thailand’s low costs, financial attractiveness, and high returns have enticed global companies to invest in this country. However, Thailand has one downfall and that is its political infrastructure. The country also lacks skilled and innovative workers. Paying a visit to this country will be a good idea before you decide to outsource.
No 5: Brazil
When it comes to outsourcing, Brazil is a very balanced country. The country’s political environment, people skills, and financial attractiveness are quite even. After reaching a 75% increase in their outsourcing revenue in 2008, the country got its first big break. This placed Brazil among the other top outsourcing locations. Brazil is indeed one of the business world’s hottest countries and a great place to outsource your services.
At Flatworld Solutions, we believe in customizing our services to meet the needs of our customers. Read more about our Global Outsourcing Delivery Network and how outsourcing to us can help you leverage the benefits of outsourcing.
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Philippines has overtaken India in the Call Center business and it continues to expand exponentially in the backoffice and software development especially in Java and .NET. Most foreign locators are impressed with the high level of skills and their command of the English language is most attractive to expats who constantly monitor and personally supervise their projects. Despite the half day time zone difference with the West, most workers are willing to work in sync with their foreign counterparts with negligible wage adjustments.