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But what is the cost of not globalizing? Limited Market Access : With limited market access, organizations miss expansive opportunities abroad. Talent Pool Constraints : Talent pool limitations pose another constraint. Yet leaders must also weigh the risks and complexities while planning the expansion globally.
Unlike BPO, which emphasizes efficiency and scalability, KPO aims to deliver strategic value by providing high-level services such as market research, legal support, data analytics, and engineering design. Cost Efficiency Outsourcing reduces overhead costs associated with hiring, training, and maintaining an in-house team.
Disadvantages of Onshore Outsourcing: Higher Costs: Onshore outsourcing generally incurs the highest costs, as developers’ wages in high-income countries are often significantly higher than in offshore markets. If cost savings are the top priority, offshore outsourcing typically provides the most economical solution.
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