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| Essentials:
Offshoring by Industry Leaders |
An in-depth outsourcing
industry study conducted throughout 2004 by research firm, Ventoro,
indicates that “95% of firms considered to be Fortune 1000
firms are using an offshore strategy.” Further, the study
revealed that 68% of all executives managing existing offshore strategies
are planning on increasing their offshore presence.
One conclusion can be easily drawn
from such overwhelming statistics: in order to maintain their competitive
advantage, industry leaders must do more than simply explore offshoring,
rather they must embrace it. This logic holds true across multiple
industries to include: the high-tech, financial services, and airline
industries.
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