The Philippines has emerged as a top destination for technology offshoring due to its skilled workforce, lower costs, and favorable business environment. With a growing number of companies setting up operations in the country, the tech industry in the Philippines is expected to continue its rapid expansion in the coming years.
Outsourcing in modern businesses has become increasingly common due to lower costs and increased efficiency. Companies often delegate tasks to specialized external providers to focus on core operations and streamline processes.
A recent survey has revealed that 60% of companies are outsourcing at least one business function. Reasons for outsourcing vary, ranging from cost savings to accessing specialized expertise.