As the economy gets ready to recoup from the impact of recession, the Indian BPO sector is faced with new opportunities and challenges. While the western corporate arena is faced with mounting cost pressure and increasing competition, outsourcing appears as more convincing solution to reduce cost. Alternatively, the drop in business volumes and market dynamics faced by the outsourcers has impacted the business of the BPO vendors. As the outsourcing industry matures and showcases the returns on business, big corporate giants have entered into the BPO sector and various destinations like Manila, East Europe, South Africa have emerged as a lucrative outsourcing destination. This poses an increasing competition to the Indian BPO sector, which has for long been the preferred outsourcing destination. It is time for the BPO sector to look at more convincing reasons to its business providers than just cost reduction in order to capitalize on the market opportunities. It is time for the BPO vendors to adapt to the changing requirement of its business providers and forge bonds which eventually translate into long term business relationship
Read more:
BPO sector and strategic restructuring for business edge