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Philippines Sea

Overview: Outsourcing to the Philippines

Apparently, Philippines’
top-notch standing in the global outsourcing
industry has already become prominent amongst the principal sectors in the
business world. The Philippines has been contending with the leader of the
industry, India, and recently made a huge milestone that makes its people
proud.

The
latest report from Tholons
, a US-based strategic consulting
company for global outsourcing and investments, entitled “2013 Top 100
Outsourcing Destinations” showed off how Philippines’ outsourcing industry has
been doing for the last 6 years and how it remarkably performed in the latest
year. Philippines lately received a gigantic achievement of becoming one of the
Top 3 outsourcing destinations around the world. Overtaking the place of Delhi
(India), Manila (Philippines) had a +1 movement from last year’s report. Aside
from Manila, there are more cities in the Philippines which were included in
the Top 100 – Cebu, Davao, Santa Rosa (Laguna), Iloilo, Bacolod and Baguio
City. Among those 7 cities included, 5 increased in rankings which is a great
indicator that outsourcing continues to bloom in the country as years go by. 

Wikipedia and
Outsourcing
Insider
really make brilliant explanations on how Philippines
has become competent in this industry. But considering those things in mind, what
could be the most common reasons why more
and more companies tend to outsource their processes to the Philippines? Below
could be the top 3 reasons:

These reasons above might be true for a lot of
businesses out there but people shouldn’t ignore the fact that everybody still
has different perceptions when it comes to this. Philippines’ outsourcing
companies certainly have more time to prove what they got and why the country
deserves the number one spot.

HoweverPsychology Articles, how do you think this enormous rise affected
the competing countries? How should they overcome such challenges?

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