Offshoring is a cost-effective way to get products or services in the hands of consumers

Offshoring is one of the fastest-growing business trends today. In business parlance, offshoring is the outsourcing or transfer of different business activities to a foreign country like the Philippines.

It can be called "outsourcing on steroids." Offshoring has grown so fast that it provoked counter-reactions both in favour and against it. 

While some experts have argued that offshoring creates more jobs than those lost, others have warned about its negative impact on head-office workers and most importantly, job loss for those employed by local companies while emphasizing the so-called "race to the bottom" phenomenon where firms cherry-pick their workforces with cheaper workforce abroad.

In this article, we’re going to tackle the different advantages of Offshoring particularly this 2021

Offshoring allows businesses to focus on their core competencies and outsource all other tasks

Offshoring is a process by which businesses transfer administrative, accounting and similar tasks to outside companies that specializes in offshoring (outsourcing). The idea behind offshoring is for businesses to be able to focus more on their core competencies without having to worry about anything else.

Offshore labour markets have attracted most of the attention from workers who are looking for good job opportunities abroad.

Filipinos happen to be one of the prime candidates for offshoring because they are educated and enterprising people who know how to take care of themselves wherever they go.

Using offshore development teams can help companies stay competitive in today's global marketplace

Offshoring can help businesses to stay competitive in the global market.

One of the examples can explain that Offshore development teams allow companies to be more innovative and productive by allowing them to focus on core competencies while tapping into lower cost structures. In many cases, offshoring allows a business to outsource non-critical activities, freeing employees up for higher-value work.

In addition, Offshore outsourcing has provided a much-needed level of flexibility for companies as they navigate through today's volatile marketplace. Companies that participate in offshore outsourcing have been able - amid tight margins and rapid change - to maintain steady profits due in large part to reduced costs and improved quality of services ​

Globalization has made it easier than ever before for entrepreneurs to reach new markets overseas with just a few mouse clicks

Offshoring has assisted in helping businesses cater to more customers globally by improving their operational efficiency. By implementing offshoring, they have been able to save money and improved quality and reduced costs without affecting the quality standards for products and services offered to customers.