China to be world’s top outsourcing destination

Financial Express
Three-quarters of US companies outsourced some or all of their information technology activities in 2004. And that percentage is likely to increase this year, according to a special survey on outsourcing and offshoring, the Global Outsourcing Report, released by Horasis and Going Global Ventures said. While a smaller percentage of companies are outsourcing those activities offshore (32%), half of them have cut full-time jobs as a result. India is the most competitive and popular technology outsourcing destination in the world in 2005, according to the report, and China will be the No. 1 technology outsourcing country in 10 years. The Global Outsourcing Report 2005 is the first-of-its-kind report to rank countries based on opportunities, costs and risks they present for IT outsourcing, both now and in the future. more...