OutsourceWorld, www.OutsourceWorld.com, the premier conference and thought-leadership forum focused on driving business development in the global sourcing industry, today announced a rise in the number of professional services being outsourced to different global regions as well as the increasing popularity of mid-sized firms to offer these services.
These trends are emerging in an outsourcing market that is reflecting the current global business climate, with companies looking to outsource services to focus on core competencies. At the same time, these same companies are interested in outsourcing partners that provide value added services beyond the traditional outsourcing function, using these partners for product development and new market entry.
The services range from IT management to legal services to financial and marketing capabilities. The interested companies are bypassing larger service providers to partner with smaller firms, which are more nimble and in a better position to react to changing economic conditions. These smaller firms are also able to provide additional services beyond outsourcing - such as assistance with new market entry - making them a more competitive choice.
"We are seeing the importance that outsourcing holds as a driver for innovation, growth and globalization at this conference," said David Etzler, Chief Executive Officer at OutsourceWorld. "Companies are pulling back and placing the focus on their core competencies and offerings. At the same time, we are seeing the emergence of the outsourcer as strategic partner, helping with a variety of functions that go beyond the traditional core services. We expect this trend to have an immediate and positive impact on the global economy, showing how truly interconnected every aspect of global economies are."
This announcement comes amid a series of firsts for the show, which is seeing its largest numbers of attendee and exhibitors to date. The show has 135 exhibitors from across the globe and representing many business sectors. There are an increased number of buyers at the show, and the many of the attendees are using the Global Connections Lounge for meetings, peer networking and advice on the latest trends from industry experts.
The show opened with General Motors' Group Vice President and CIO Ralph Szygenda capturing the current evolution of outsourcing as simplification, standardization and collaboration, three aspects that are on full display at today's show.
For more information, visit www.OutsourceWorld.com
About OutsourceWorld
OutsourceWorld is a neutral conference company focused on driving business development in the outsourcing industry. As the premier pure play business trade platform focused on executives who have a need to outsource business services, OutsourceWorld's primary purpose is to enable commerce between buyers and sellers across diverse geographies. Founded by a team of business development professionals, OutsourceWorld is able to bring a deal-driven mentality to its conferences. In addition to industry exposure, OutsourceWorld's clients gain valuable strategic insight and guidance to support their individual business goals.