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Procurement outsourcing 'will rise by 25% in 2010'
Global spending on procurement outsourcing will rise by a quarter next year, a new report has predicted.
The Everest Research Institute has forecast that investments on outsourced purchasing will increase by 25 per cent in 2010 - driven by growth in the US and European markets, including the UK, Supply Management reported.
The organisation said that increased focus on cost-cutting, operational efficiency and procurement compliance are primary drivers for this trend, which is likely to lead to greater demand for interim managers experienced in outsourcing.
Financial services companies were identified as the businesses most attracted to procurement outsourcing, following the widespread restructuring programmes initiated in the industry.
Offshoring will also grow next year, the research specialist claimed, with destinations in India and the Philippines predicted to be the most popular low-cost locations.
A rise in recruitment levels for interim managers experienced in handling outsourcing contracts was also predicted by the consultancy firm TPI last month.
The company revealed that the total contract values of outsourcing deals will pick up in Europe, the Middle East and Africa in the coming months.
Categories: Procurement & Supply Chain