Offshoring Risks On The Rise

摘要

Global financial volatility and growing political instability pose increasing risks for companies with offshore resources, according to a new report from TowerGroup. "The challenge of effectively managing the risks of offshoring has been exacerbated by political events and terrorist attacks," said Guillermo Kopp, executive director and global research fellow at TowerGroup, in a press release. The financial services industry has invested heavily in offshore outsourcing, and institutions looking to reduce costs and gain access to skilled business and technology resources will continue to leverage outsourcing, according toTowerGroup. However, institutions will face new demands for operational resilience and business continuity, the Needham, Mass.-based research and advisory firm says.