Business Outsourcing
Advantages
More Expirenced workers
Lot Cheaper
You can get the best people for the job from all over the world
Disadvantages
North Ameria looses jobs
Quality is lost if not careful
materials and distribution are more expensive outside the country
Costs
Cheaper in general
Different currencies may affect contracts
Many hidden costs
Trends
Communication rarely done in person
Anytime contace through social media and call centres
Storage clouds used more often
Timeline
1970's - The invention of the computers lead to more opportunities in work
1970's - Most outsourced work was manufacturing
1980's - Accounting, payroll, HR, and IT was outsourced
1985 - internet was first used by researchers and developers
1990's - Outsourcing widely used due to internet being used a lot
2008 - Outsourcing revieves 298.5 billion globally