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In an era where globalization and internet connectivity have made physical borders less relevant, businesses are increasingly operating in the digital domain. For instance, a New York company can seamlessly work with local partners, often without the need for offline view more
Global Sourcing Statistics
85%
of labor costs can be reduced by outsourcing
$110.5 b.
is the worth of the global outsourcing market in 2022
64%
of companies outsource globally to cut costs
43%
of small businesses outsource globally at least part of their business process
14.3mln
jobs are outsourced globally from the US
45%
of global corporations planned to increase outsourcing worldwide due to the pandemic
67%
of the UK’s start-ups outsource their workforce globally
78%
of Businesses Have a Positive Relationship with their global partners
1in3
Over 1 in 3 small businesses outsource some of their work
128%
128% - Large businesses are 128% more willing to outsource work than small businesses.
Sources:
statistadeloitcloutchforbes