Offshore to Near/Re-Shore

Has the recession led the business to rethink on their offshoring strategy?

The business drivers associated with offshoring like cost savings, shortage of skilled resources and extended timezone all seems to be bottoming out in the short to mid term. In addition the recession that is going on has also created an environment where companies can find new opportunities in getting things done with almost same resources locally.

This could be the right time for the organizations to consider on Near or Re-shoring model as a viable option when the next set of Outsourcing projects are planned.