Outsourcing and Offshoring-Why Outsourcing is Bad for Business
- Duration: 3:25
- Updated: 02 Dec 2014
Rising salaries, the cost of transporting goods to the US Market, and concerns regarding the distribution of Intellectual property have made many US companies rethink their outsourcing strategy. As countries like China and India become leaders in manufacturing the costs of their expertise rises diminishing their advantage against US counterparts. Adversely, convoluted and increasingly risky supply chains dependent on inexperienced vendors have turned once stable brands like Boeing, into the perfect “reshoring” case study. Finally, companies are recognizing that their most important asset is their intellectual property. By shifting their supply chain to countries with little regard for US patent and copyright protections, they’ve inadvertently opened themselves up to a new threat: turning their vendors into competitors. Watch the video to learn more about why the best companies are using an insourcing strategy to their advantage.
http://youtu.be/uMEQoad5ijQ
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http://wn.com/Outsourcing_and_Offshoring-Why_Outsourcing_is_Bad_for_Business
Rising salaries, the cost of transporting goods to the US Market, and concerns regarding the distribution of Intellectual property have made many US companies rethink their outsourcing strategy. As countries like China and India become leaders in manufacturing the costs of their expertise rises diminishing their advantage against US counterparts. Adversely, convoluted and increasingly risky supply chains dependent on inexperienced vendors have turned once stable brands like Boeing, into the perfect “reshoring” case study. Finally, companies are recognizing that their most important asset is their intellectual property. By shifting their supply chain to countries with little regard for US patent and copyright protections, they’ve inadvertently opened themselves up to a new threat: turning their vendors into competitors. Watch the video to learn more about why the best companies are using an insourcing strategy to their advantage.
http://youtu.be/uMEQoad5ijQ
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- published: 02 Dec 2014
- views: 10