Tag Archive for bulgaria
Outsourcing is one of the main directions businesses are focusing on, especially in the recent years. From sportswear to computer hardware, many Western companies are taking advantage of the Eastern world in terms of educated work force, cost efficiency and geographical strategies but maybe the trend is already shifting.
We have already talked about trends in IT outsourcing and the likelihood that more and more companies will realise the benefits of outsourcing in Europe. In the article Outsourcing to Europe: Technology and IT Outsourcing in Bulgaria we looked at some figures connected to Bulgaria’s performance on the labour market opportunities, education, strong IT development fields and average salaries for the IT market.
Outsourcing to Bulgaria and other Eastern and Central European countries, however, will be much more enticing in near future because of location, transportation, language, ease of communication, culture.
Outsourcing a business unit or a whole business from west to east is not a new occurrence. Many companies try to find the best location to setup their production in terms of resources and cost efficiency. The obvious outsourcing location has been Asia, which offers both of these important factors. A number of companies have outsourced to India, Pakistan, Malaysia and Taiwan. While this may be very beneficial for a certain type of businesses, like manufacture of goods, the service business sometimes suffers from the distance, language and culture barriers and time differences.