The outsourcing market is a large, diversified and complex model but it is still possible to discern some notable trends:-
1) The manufacturing industry in the West looks likely to continue to shrink, according to Electronics Times the U.S semiconductor industry lost 107,000 jobs between 2001 to 2009 and some predictions estimate a further loss of 146,000 jobs from 2008 – 2018 – Scary stuff.
2) The latest Labour Market Outllook report from CIPD suggests that 10% of all UK companies intend to outsource some work in 2010 with 41% of I.T companies planning to outsource key activities.
3) According to the Bangkok Post the Outsourcing market was worth $24.9 billion at the end of Q4 2009 up 8% on the previous year.
4) An interesting observation is that Chinese & Indian companies are looking at Outsourcing within their own National boundaries. This is perfectly understandable given both countries vast size and untapped resource. We may see a gradual migration of economic activity from coastal areas inwards.
All of the above highlights the need for Western companies to accellerate Innovation to stay ahead of the value curve.
It also suggests that Western governments need to look very carefully at their strategy for Manufacturing and Innovation if they want to preserve what remains of the High Technology sector to provide skilled employment in the future.
As per usual Cash is King.
chris@projectsguru.co.uk
Another form of commumnication is Feedback, and we all need it.
Continuing our theme of communication, today we are discussing email. There is no doubt about it – email is a fabulous tool which enables us to communicate effectively and efficiently across vast distances. This has revolutionized the world of International business and allowed the development of communication across continents to unprecedented degree.
convey your message when face to face is not available, or because you have to convey a more complex message. It also provides an important record.
Communication is an important part of any job but as a Project Manager clear concise and accurate communication is essential. Here are some tips:-
Perhaps not, but the news that Scientists have developed a Quantum Clock which only loses (or gains) 1 second every 3.7 billion years has interesting implications.
Are your products taking to long to develop and adversely affecting your revenue stream ? Time to Market is absolutely critical in determining product revenue and payback. With product lifecycles becoming ever shorter as new, better, faster models are introduced the development timescale is critical to success. Every day lost in development is a day lost in sales. This is because the overall lifecycle of the product is reduced the longer the development takes.
The news today that Toyota plans on recalling several hundred Prius due to brake problems follows hot on the heels of rumours last week that 19 people had died due to faulty accellerator pedals on Toyota vehicles in the U.S.A alone.