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Along with my MicroSourcing colleague Sean Baker, Barbeques Galore CFO Mitchell Koureas and Adore Beauty Group CXO Nicola Clement, we spent almost an hour exploring how outsourcing is a valuable tool for retail businesses of all sizes to address labor shortages, reduce attrition rates and extend service hours.
Outsourcing software development is nothing new. trillion between 2020 and 2023 1. trillion between 2020 and 2023 1. Software development is big business and organizations of all sizes have long been attracted to the cost savings that come from partnering with offshore outsourcing providers.
In fact, the gig economy is expected to grow to an astronomical $455 billion by the end of 2023. However, it’s crucial to distinguish between collaborating with an established outsourcing provider and relying on an independent freelancer. In the outsourcing landscape, taking unnecessary risks is ill-advised.
Such is the case in early 2023, with economic storm clouds gathering on the horizon and expert agencies such as the International Monetary Fund (IMF) warning that tough times lie ahead. Organizations of all sizes are always looking for cost-saving measures but every now and then it becomes a necessity rather than a bonus.
If the business community needed reminding that 2023 is a time to tread carefully when it comes to fiscal management, the headline of the International Monetary Fund’s World Economic Outlook in April made for stark reading.
If the business community needed reminding that 2023 is a time to tread carefully when it comes to fiscal management, the headline of the International Monetary Fund’s World Economic Outlook in April made for stark reading.
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