Results for tag: "Offshoring"

Offshoring is a form of consulting and outsourcing in which a company contracts with a third-party provider to perform services or produce goods in a foreign country. It is a cost-effective way for companies to access specialized skills and resources, while also taking advantage of lower labor costs in other countries. Offshoring can also help companies to expand their global presence and access new markets. Offshoring is often used in the IT, software, and engineering industries, as well as in the manufacturing and financial services sectors. Companies may choose to outsource specific tasks, such as customer service, software development, or data entry, or they may outsource entire processes, such as product design or accounting. Some of the major players in the offshoring market include Accenture, IBM, Capgemini, Wipro, and TCS. Other companies offering offshoring services include Infosys, Cognizant, HCL Technologies, and Tech Mahindra. Show Less Read more