Outsourcing Services in the Face of an Economic Downturn

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In previous recessions, outsourcing activity has actually increased. Is history likely to repeat itself? And, if it does, what particular features of the current outsourcing and offshoring industries are outsourcers likely to use most?

In this time of extreme economic duress, all companies are looking for ways to decrease expenses significantly and quickly, and to streamline operations as the economy heads into what could be a lengthy recession. Not surprisingly, companies are turning to outsourcing as a means to achieve these ends.

Whereas, over the past five years, industry conferences and publications increasingly focused on outsourcing as a means for transforming one?s business or for improving those functions being outsourced, the recent economic collapse has put such outsourcing rationales on the back burner. Today?s outsourcing deals are intensely, singularly concerned with reducing head count and saving money ? the sooner, the better. In an environment where Fortune 500 companies have disappeared overnight, a successfully executed outsourcing deal could make a difference in a company?s ability to ride out these challenging times.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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