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Companies are increasingly recognizing the strategic value of outsourcing beyond just cost savings. According to Deloitte’s GlobalOutsourcing Survey, 65% of respondents cited the ability to focus on core functions as the most significant perceived benefit of outsourcing strategies.
AB InBev outsourced its IT operations to international outsourcing providers. Commonly known as Shell, this oil and gas company has been named as the third-largest company in the world based on its revenues in 2018. With more than a century of operations, it explores and transports crude oil and natural gas.
According to Statista (paywall), the globaloutsourcing market earned $85.6 billion in 2018 and significantly more in 2019. These statistics predict a megatrend that will reshape the outsourcing market. . Additionally, with the d effects of Covid-19, businesses are in no position to increase their operationalcosts.
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