Outsourcing: Overview and Trends

Shishu Zhang, Pang Yingying and Albert Xin Jiang

A chapter in Outsourcing and Offshoring from IntechOpen

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.

Keywords: outsourcing and offshoring; pros and cons; industry trends; past experience; future outlook (search for similar items in EconPapers)
JEL-codes: F60 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ito:pchaps:226640

DOI: 10.5772/intechopen.98333

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