Offshoring News Today

BPO puts Sri Lanka on the Global Sourcing Map
A recent posting in the outsourcingbpo.cbronline.com stated that although Sri Lanka is some way down the list of global sourcing locations its newly created outsourcing trade association believes that the country has the necessary attributes to become a leading center for business process outsourcing.

Sri Lanka’s budding offshore industry has inevitably been overshadowed by its larger Indian neighbor, which has been the world’s leading sourcing hub for the last decade. However, the market situation is now more favorable, as vendors are increasingly looking to offer services from multiple locations, often using India as a central hub while also delivering services from satellite facilities in Eastern Europe, Latin America and Asia. The entire article can be read via the above link.

Offshoring Curbs to Hurt US Badly
Infotech.Indiatimes.com posted a story regarding how protectionist measures will seriously hurt the US. A Duke University professor and Harvard researcher Vivek Wadhwa was interviewed in the piece and made the following comments:
"The US will see many times more job losses if it raises protectionist barriers as most of its top companies derive a major chunk of their revenues from foreign markets. As far as the issue of lawmakers trying to stop TARP-assisted companies from outsourcing, they will simply have to give these companies more. After all, the reason companies like JP Morgan are sending work abroad is because it is cheaper,”
“The protectionist measures will backfire if they get out of control. Right now, this is just noise. The last time the US did this was in 1920 and this led to the depression,”

The article also delved into the fact that the US is not alone in making anti-outsourcing noises. The economic slowdown has led to concerns over job losses in other markets and any move to outsource jobs is being met with resistance and paranoia. The complete article can be read by using the link above.