Monday, June 7, 2010

Philippines - 7th Most Favorable Outsourcing Destination

A.T. Kearney’s Global Services Location Index (GSLI) is a respected index that ranks attractive outsourcing destinations around the world. Its latest edition explicitly states that destinations in Asia, Middle East and North Africa are beating traditional Central European countries in the highly competitive BPO industry. More and more companies are looking to ship their jobs to these locations as they provide good quality and cost effective solutions. Philippines is also a key member of the outsourcing world and it has been ranked the 7th most favorable outsourcing destination by the index. This is great news for the Filipinos as the outsourcing industry in the country is growing at an alarming rate!

Philippines is slowly becoming one of the most favored destinations for outsourced jobs. GSLI’s latest edition is a good indicator of the changing market trends and news such as this will provide a great boost to the already flourishing BPO units here. With more and more call centers being set up in the country, it won’t be long before this archipelago makes its way into the top 5!

India, China and Malaysia have maintained their top three spots, a clear indicator of the dominance Asia has in the outsourcing world. Western European countries such as Poland, Hungary and Slovakia, which were once top outsourcing destinations, have dropped several places in the latest rankings. The index is a good indicator of the business trends as a lot of research goes into it. Each country’s score is made up of a weighted combination on 43 different measurements! Hence, there should not be too much debate on the ability of the index!

GSLI has been an efficient index since its inception in 2004. They have keenly followed market trends and have provided accurate results! Their latest edition has surely given much needed motivation to upcoming call centers in the Philippines. The future looks bright and it is the right time to capitalize on the opportunity!

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