Call Us TODAY on 020 3588 4240

Outsourcing is meant to be a business practise where an organization hires a third party to provide them for the framed services, operations and tasks. It won’t be wrong to say that outsourcing honestly has changed the picture of the marketplace as a whole and the traditional recruiting system and values have somehow overshadowed by the same. No matter if it is a small-scale business or a big enterprise, every other business entity is now inclined towards outsourcing which has changed the numbers in the marketplace drastically. As found out, the global outsourcing market was worth $132.9 billion in 2020 and is expected to grow by 1.6% the same year.

 

Here are Outsourcing Trends in 2020:

  • Cost is secondary: Believe it or not, but businesses have shifted their focus from the budget or cost spent for outsourcing, but on the process and people now. It is one preeminent factor for all, to hire professionals and experts from all around the globe who are ready to put their talent on the table and get the job done and the process is not solely price-driven now. More than 80% of logistics leaders are planning to increase their outsourcing budget by more than 5% by the end of 2020.

  • Increased competition: Though India still holds the position as the leading country in the outsourcing country as per Tholons 50 Digital Nations and A.T. Kearney Global Services Location Index of 2019, countries like China, USA, Mexico, Ireland and the Philippines are some active competitors of India as of 2020 and the number is increasing to a great extent. 68% of the organization in the United States prefer outsourcing their services to low-cost countries in addition to small-scale firms.

  • Customed Agreements: Custom outsourcing contracts allow both ends of the party to agree and settle on mutual terms and conditions regarding pricing, service, delivery, speed, quality, flexibility and associated costs. The move will inspire much more outsourcing businesses to offer flexible contracts in the marketplace.

  • Variety of services: Outsourcing is indeed here to say, outsourcing started with working on small operational tasks like data entry, but now have expanded too much that big organizations are opting for outsourcing to get the job done and is believed that by the end of 2020, many critical and high-end processes are to be outsourced by businesses because of which the outsourcing organizations will have to keep a check on the quality and timing of the work at all costs. According to studies, 66% of big companies are more likely to opt for outsourcing than small companies.

  • Delivery of results: With the increasing number of outsourcing services adding up to the list, the pressure of expected results will rise up high in the marketplace by the third parties so that to attract more business. Security check, cost, error-free results and much more will have to be kept in check of.

Especially amid the pandemic, businesses are now switching and opting for multiple platforms- cloud, social, mobile etc., and as because outsourcing has been able to appropriately and easily proved to be adaptable to an ever-changing environment.

 

We here at Shergroup have been assisting our clients for over 40 years now as an outsourcing company and can get the job done for you, we have been working with the best of professionals and experts from India, South Africa, US, UK and more and have gulped in the criteria and conditions quite well. In any case, we can help you solve and support your business issues, do get in touch with us as soon as possible.

Content Writer​

DISCLAIMER NOTICE |

The following disclaimer applies to Shergroup Limited and its platform, shergroup.com. Please read this notice carefully before accessing or using any information provided on our platform.

  1. No Legal Advice | The information presented on shergroup.com, including but not limited to articles, blog posts, FAQs, and other resources, is provided for general informational purposes only. It is not intended to be, and should not be considered, legal advice. The information provided does not create a solicitor/client relationship between Shergroup Limited and the user.
  2. Not a Substitute for Legal Advice | The information on shergroup.com should not be relied upon as a substitute for obtaining legal advice from a qualified professional. The application of laws and regulations can vary based on specific circumstances, and legal advice tailored to your particular situation is crucial. Therefore, we may refer you to a member of our partner firm -Shergroup Legal – on legal matters or encourage you to take your own legal advice from your preferred advisor.
  3. No Guarantee of Accuracy | While we strive to provide accurate and up-to-date information, Shergroup Limited does not guarantee the accuracy, completeness, or reliability of any information on shergroup.com. The legal landscape is constantly evolving, and laws may vary across jurisdictions. Therefore, any reliance you place on the information provided is at your own risk.
  4. No Liability | Shergroup Limited, including its officers, employees, agents, and affiliates, shall not be held liable for any direct, indirect, incidental, consequential, or punitive damages arising out of your access to or use of shergroup.com or any information contained therein. This includes, but is not limited to, any errors or omissions in the content, or any actions taken or not taken based on the information provided.
  5. Third-Party Links | Shergroup.com may contain links to third-party websites or resources. These links are provided solely for convenience and do not imply endorsement or responsibility for the content, accuracy, or legality of such websites or resources. Shergroup Limited shall not be liable for any damages or losses incurred as a result of accessing or using any third-party websites or resources.
  6. Changes to Disclaimer | Shergroup Limited reserves the right to modify or amend this disclaimer notice at any time without prior notice. Any changes will be effective immediately upon posting on shergroup.com. It is your responsibility to review this notice periodically for updates.

By accessing or using shergroup.com, you acknowledge that you have read, understood, and agreed to this disclaimer notice. If you do not agree with any part of this notice, you should refrain from accessing or using shergroup.com.

Last updated | 19 July 2023

Should you have any questions or concerns regarding this disclaimer notice, please contact us at [email protected]