Over the last few decades, outsourcing has become increasingly popular. With the rise of the start-up, finding top international technical support has become easier for entrepreneurs. While IT outsourcing comes with various benefits such as reduced labor costs, increased efficiency and the ability to quickly implement new technology, many professionals are still worried about handing their projects to third-party vendors. The novel COVID-19 has left us all in a very strange, unstable position, however, business must go on.
The economic downturn that the IT industry is facing has forced companies to outsource more of their work in order to decrease discretionary spending and spend more time focusing on their core business. However, this is the time to remain aware and change your outsourcing strategy by transitioning to project-wise contracts instead of multi-year contracts.
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