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Outsourcing: Overview and Trends

In: Outsourcing and Offshoring

Author

Listed:
  • Shishu Zhang
  • Pang Yingying
  • Albert Xin Jiang

Abstract

Outsourcing is a valuable strategy for firms to gain more benefits from the global supply chain. Outsourcing can be defined as a business agreement in which a firm is contracting out certain existing parts of the firm to either domestic and/or international third parties. In this chapter, we give an overview to the benefits and disadvantages of outsourcing. We also discuss recent trends in outsourcing; in particular, with the benefit of technology development, robots are starting to join in outsourcing.

Suggested Citation

  • Shishu Zhang & Pang Yingying & Albert Xin Jiang, 2021. "Outsourcing: Overview and Trends," Chapters, in: Mario Franco (ed.), Outsourcing and Offshoring, IntechOpen.
    • Handle: RePEc:ito:pchaps:226640
    DOI: 10.5772/intechopen.98333
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    More about this item

    Keywords

    outsourcing and offshoring; pros and cons; industry trends; past experience; future outlook;
    All these keywords.

    JEL classification:

    • F60 - International Economics - - Economic Impacts of Globalization - - - General

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