| Since beginning of October the world started changing, | | | | projects which have high level of necessity for the |
| everywhere - newspapers, radio, TV, Internet - you | | | | company activity will be processed. Re-viewing of |
| hear and see these words "Global Financial Crisis". | | | | project importance for the business will be taken |
| Some experts call it a financial collapse. The main | | | | alongside with re-considering of project budgets. Crisis |
| problem for all companies is how to reduce expenses | | | | will not omit outsourcing industry. But this crisis will do |
| with minimum losses for their business. The aim of our | | | | more harm to vendors already providing services to |
| article is to give an answer to the question: "Can | | | | clients rather than start-ups. Knocking down of project |
| outsourcing become a remedy to this disease?" | | | | budgets may force outsourcing companies to lower |
| And the answer is definitely "no", just as there is no | | | | their prices, so that margins will shrink or nearly |
| panacea for all woes. But still we'll try to understand if | | | | disappear. Companies that are just developing could |
| offshoring could solve some problems resulting from | | | | get some benefit from the current situation. After |
| the current situation. | | | | financial and industrial organizations complete their |
| World companies are now trying to get rid of extra | | | | budgets for the first quarter of 2009, vendors will have |
| costs, including employee base. Expenses paid to the | | | | to re-consider their rates and beginners are more |
| outsourcing company are far less than those | | | | flexible in this meaning. |
| connected with keeping your own employees | | | | Gartner, the world's leading consulting agency, offered |
| completing the same task. Offshoring has always | | | | some solutions to outsourcing companies, how to |
| served this way. As a matter of fact, outsourcing | | | | behave and what strategy to choose in order to stay |
| industry has always been attractive due to its ability to | | | | up in terms of the crisis: "all outsourced projects must |
| improve TTM (Time to market). And now in terms of | | | | deliver the promised improvements in business |
| the present financial situation companies realize the | | | | performance. From now on businesses will only be in |
| necessity of outsourcing more than ever. That's why | | | | need of IT that can deliver true value in terms of |
| all outsourcing companies have their fingers crossed | | | | business performance". |
| hoping to attract as many clients as possible. | | | | To sum up, outsourcing industry will probably be the |
| However, it doesn't mean that all companies will have | | | | most 'surviving' sphere these tough days due its high |
| their business outsourced. Cost reduction means | | | | necessity for companies that want their business |
| reduction of projects on the whole. Naturally, those | | | | running smoothly. |