Which country was among the top asia offshore locations for outsourcing in 2019?
BlogIn today’s globalized economy, businesses are constantly seeking ways to reduce costs and increase efficiency.
One popular strategy is outsourcing, which involves hiring third-party providers to perform tasks that would otherwise be done in-house. Asia has emerged as a top destination for offshore outsourcing, with several countries offering favorable conditions for companies looking to outsource their operations.
Factors that make these countries attractive offshore locations and some of the key trends and challenges in the Asian outsourcing market will be explored in this article. We will also take a look at some real-life examples of companies that have successfully outsourced their operations to Asian countries and discuss the benefits they have experienced as a result.
Top Asia Offshore Locations for Outsourcing in 2019
According to the latest research, the top offshore locations for outsourcing in Asia in 2019 were:
- China
- India
- Vietnam
- The Philippines
- Indonesia
Each of these countries offers a unique set of advantages that make them attractive to businesses looking to outsource their operations.
China: A Growing Power in the Global Market
China has emerged as one of the dominant players in the global outsourcing market, with its large population and highly skilled workforce making it an ideal location for companies seeking cost savings and increased efficiency. In addition to its large pool of talent, China also offers a number of other advantages, including:
- A well-developed infrastructure, which makes it easy for businesses to set up operations in the country
- A favorable business environment, with low tax rates and streamlined regulations
- A growing middle class, which is increasingly demand-driven and provides a ready market for goods and services
One example of a company that has successfully outsourced its operations to China is Apple. The tech giant has established several manufacturing facilities in the country, where it produces a range of products, including iPhones, iPads, and MacBooks. By outsourcing its production to China, Apple has been able to reduce costs and increase efficiency, allowing it to focus on innovation and product development.
India: A Hub for IT Services and Business Process Outsourcing (BPO)
India has long been a popular destination for businesses looking to outsource their IT services and BPO operations. The country’s large population and highly educated workforce make it an ideal location for companies seeking cost savings and increased efficiency. In addition to its large pool of talent, India also offers a number of other advantages, including:
- A well-developed infrastructure, which makes it easy for businesses to set up operations in the country
- A favorable business environment, with low tax rates and streamlined regulations
- A growing middle class, which is increasingly demand-driven and provides a ready market for goods and services
One example of a company that has successfully outsourced its BPO operations to India is British Airways. The airline has established several call centers in the country, where it handles customer service queries and bookings. By outsourcing its BPO operations to India, British Airways has been able to reduce costs and increase efficiency, allowing it to focus on improving its customer service and increasing revenue.
Vietnam: A Cost-Effective Alternative to China
Vietnam is a rapidly growing economy that has emerged as a popular destination for businesses looking for a cost-effective alternative to China. The country’s large population and highly educated workforce make it an ideal location for companies seeking cost savings and increased efficiency. In addition to its large pool of talent, Vietnam also offers a number of other advantages, including:
- A well-developed infrastructure, which makes it easy for businesses to set up operations in the country
- A favorable business environment, with low tax rates and streamlined regulations
- A growing middle class, which is increasingly demand-driven and provides a ready market for goods and services
One example of a company that has successfully outsourced its manufacturing operations to Vietnam is Samsung.