The Economist: Report on Outsourcing and Offshoring
Supply Chain Discussion
In the Learning Activity “The Economist: Report on Outsourcing and Offshoring,” Tamzin Booth comments that companies are rethinking their offshoring strategies. Briefly explain the differences between outsourcing and offshoring that are mentioned in this Topic, and list three reasons from the podcast as to why companies are rethinking their offshoring strategies. What automotive company is mentioned in the podcast that has turned to offshoring? Research this company and comment on what the status of offshoring is with this company today. What automotive company has followed in the footsteps of the company mentioned in the podcast? Do you support the strategies of these companies? Why or why not?
WHY OUTSOURCE AND OFFSHORE
The Economist: Report on Outsourcing and Offshoring
Introduction
The decision to outsource and offshore business has many considerations and far-reaching implications. Listen to this report on why companies may be rethinking decisions to outsource and offshore.The Economist: Here, There, and Everywhere
-Post adds value by raising novel points or providing new perspectives.
-Post is concise and clearly written in an academic tone; Sentences are complete; spelling, grammar and punctuation are correct.
Requirements: less than 3000 words
Answer preview
The offshoring of different jobs and infrastructure became a great factor in the global development, especially from the mid-20th century. Outsourcing has been around for many years, and initially, companies mainly focused most of their outsourcing activities on unskilled or low-skilled manufacturing jobs and simple assembly tasks. As education opportunities and technological advancement, especially in communication and transportation, increased, most developing countries were also able to provide sophisticated or complex labor forces to developed countries. Companies worldwide started tapping into the new group of workers to fill different job positions and provide labor for different manufacturing activities. Offshoring and outsourcing are words that many people use interchangeably unknowingly, but the two are different things. However, it is possible to outsource without offshoring and offshore without
1779 Words