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This cost reduction stems from lower labor costs in certain regions, reduced overhead expenses, and the ability to scale resources as needed. According to a report by Korn Ferry, by 2030, there will be a global talent shortage of more than 85 million people.
By 2030, it is predicted that there will be an 85 million-person global labor shortage , but the current situation is just as worrying. The risk of complacency and blind confidence that one’s overseas providers are keeping up with opportunities like artificial intelligence and automation is one potential drawback of outsourcing.
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