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One of the primary advantages of offshore outsourcing is its cost-effectiveness compared to onshore or nearshore models. This stems from the lower laborcosts prevalent in many offshore destinations. The global IT outsourcing market reached a substantial $92.5 However, this approach is not without its challenges.
It can be easy to assume that Apple does this to save up on laborcosts, since labor tends to be cheaper in other countries. LinkedIn Corporation was founded in 2002 in California, where its headquarters are located to this day. Some of the components that make up an Apple device can only be made offshore.
One of them is the low laborcost. The purpose of outsourcing was the movement of work to cheaper labor in Indian markets. Dell set up its first center in Bangalore in 2001 and opened a second site in Hyderabad in 2002. General Electric (GE) . Microsoft, a technology company, takes advantage of this reason.
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