Archive for May 21, 2010

Singapore Offshoring Trends

Singapore is the largest port in Southeast Asia and the fifth-largest port in the world, measured by the tonnage of its shipping. In fact, it is known as the “Gateway to the Pacific.” Besides being a great bunkering point, its advantageous location makes it an important distributing center. Tremendous godowns or warehouses store goods that are brought from all over the world.

In short, the industrial growth of this small and new nation already began ever since back in the day. Yet, the devastation brought about by the global financial crisis a couple of years ago have shake the thriving IT and software industry in Singapore particularly offshoring.

As a matter of fact, a lot of offshore service providers in Singapore today are already feeling the effects of decreased margins and employee downsizing, while service buyers are reducing IT budget allocations for outsourcing engagements. Read more

Offshoring jobs in Singapore

In this bionic age, Singapore has been one of the leading countries when it comes to IT and software business. In fact, it is often brought up in offshoring as well as the one recognized as the leading business and outsourcing hub globally due to its top-notch telecommunications infrastructure and an amazingly steady political and economic environment.

Nonetheless, the offshoring focus of Singapore has been on manufacturing. Back in the day, a steady increasing amount of Indonesian rubber is being shipped into Singapore for processing and re-exports. Other industries include ship-building and repairing, and cotton spinning.

Singapore exports rubber and tin, canned pineapples and juice, vegetables oils, coffee, tea, spices, and textiles. The country’s busy harbor, wharves, and rivers are jammed with ships: Chinese junks and sampans%3b small and large cargo boats%3b spice-carrying vessels. When you come to think of it, Singapore has been doing business for several decades now. Read more

India Offshoring Trends

Today, a lot of countries are now emerging as offshore destinations. In spite of that, India continues to be the ultimate IT destination of the world to date due to its unparalleled performance in the field of IT, software, finance, and customer service. In fact, offshoring has made India as the housekeeper of the world.

India is one of the most impressive areas in the world with such an abundance and diversification of points of interest and beauty that years of living there would not suffice to absorb it all. With its 5,000 year-old background of history and culture, India’s archeological wonders are endless.

As a matter of fact, you can find some of the world’s most imposing old places, forts, temples, and mosques, with incredibly ornate temple carvings, awe-inspiring sculpture, and famed frescoes. Read more

Offshoring Jobs In India

Scattered throughout India are the big, modern, comfortable cities of well over a million populations each. India has about 70 cities of over 100,000, and many lesser towns. About 85 percent of the people live in 560,000 little villages which are for the most part completely primitive, many with no running water, sewage systems, or paved roads.

But today, it appears that India rules the world when it comes to offshoring. Actually, offshoring to low-cost places like India may have been perceived as the key reason for job losses in the Western world, but it is generally internal restructuring that is behind the falling employment rate at European banks.

However, India still maintains its position as a major offshore destination, mainly because of its large pool of cost-effective, educated and English-speaking workers. Read more