what is outsourcing reasons for outsourcing types of outsourcing top 5 countries for outsourcing global players exploitation multinational companies
hires a What is outsourcing ? • business practice in which a company third-party to perform tasks, handle operations or provide services for the company • companys often outsource information technology services (→ programming & application development...) • can also outsource manufacturing processes, human resources tasks and financial functions (→ bookkeeping, payroll processing) OUTSOURCING reasons for outsourcing •way to lower costs • improve efficiencies gain speed principk is that because the third-party provider focuses on that particular task, it is able to do it better, faster and cheaper than the hiring company could GLOBAL PLAYERS ·companies with world-wide presence in production or distribution ·brand / leader in its market segment ex. Amazon Apple Nestlé UW Adidas Nike MULTINATIONAL COMPANIES ·companies whose activities are located in more than two countries. • heavily engaged in international trade ex. Coca-Cola Nescafe Top 5 countries for outsourcing India IT and software development Philippines call center and IT support offshoring nearshoring United States tech support and IT-related services Brazil IT types of outsourcing onshoring Relocating work or services to lower-cost location in the company's own country Relocating work or services to third- party providers overseas Relocating work or services to people in nearby, often bordering regions and countries Exploitation many multinational companies produce their goods very cheap in less economically developed countries (ledes) cheaper because of a lower minimum wage •very small and broken factories - often collaps -> people die child labour such big companies only care about the money and not the people and many
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