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Economic downturn 'affecting outsourcing strategies'
Businesses are amending their strategies on outsourcing to reflect changing priorities in the face of ongoing economic uncertainty.
Data from KPMG's latest global pulse survey reveals that outsourcing demand is being impacted by the recession, with many turning away from traditional outsourcing models to focus on different areas.
Shamus Rae, partner in KPMG Management Consulting's shared services and outsourcing advisory team, explained: "The ongoing market volatility is driving organisations to focus on short-term initiatives rather than projects that will boost performance over the longer term."
According to the report, firms are still outsourcing services to save money, improve flexibility and gain access to external talent, but many are now seeking to near-shore these operations rather than move them offshore.
This is allowing them to manage the outsourced teams more effectively, while keeping firmer control over costs.
Earlier this year, a separate KPMG survey revealed that 43 per cent of UK manufacturers believe that near-shoring procurement is an effective means of managing risk.
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