Wednesday, July 07, 2004

Urged To Offshore

The Arizona Republic reports U.S. companies are being urged to speed up offshoring practices to save money and improve quality. The Boston Consulting Group is warning companies that do not will be facing extinction.

"The largest competitive advantage will lie with those companies that move soonest," the report states. "Companies that wait will be caught in a vicious cycle of uncompetitive costs, lost business, underutilized capacity, and the irreversible destruction of value."

"Despite the report's findings, Mann and other economists said it does not alter their fundamental belief that the U.S. economy will grow, and job opportunities expand, even as offshoring continues to disrupt the lives of many American workers and disproportionately affect people at the lower end of the skill scale."

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home