Jun 08, 2022
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However, the social backlash that's Latest Mailing Database often followed is not to be taken lightly. So what is a company to do? Should it stay loyal to its fiduciary responsibilities Latest Mailing Database or to the very individuals that make the company what it is today? Economics, Nationalism and Globalism have never quite come head to head like this before, making Latest Mailing Database this one of the decisive choices facing today's companies. First, let's examine the various kinds of outsourcing options available. The first type that comes Latest Mailing Database to mind can be referred to as "offshoring". This type of outsourcing often implies that portions of work are performed on foreign Latest Mailing Database soil. The most obvious reason for employing this option is cheaper labor. The economic realty is that in some parts of the world you can get 2 to 3 times more Latest Mailing Database labor power for the same amount of money spent here Latest Mailing Database in the US. Primary candidate countries that come to mind are China and India, although there are various South American countries that are also used by Latest Mailing Database various US Fortune 500. A variation of this model can be called "nearshoring". Nearshoring is similar to offshoring Latest Mailing Database except the foreign countries tend to be close to the US; closer geographically as well as culturally. Think of Canada or Mexico as prime examples. The labor rates are not quite as attractive as offshoring but sometimes Latest Mailing Database their proximity to the US lends them to be thought of as a more moderate outsourcing option compared to offshoring. Outsourcing can also take place domestically right here in the US. Let's look at an example that will explain this type of outsourcing.