Rome wasn’t built in a day, and so is the global BPO industry. The pioneers of the industry have met many challenges along the way, but thanks to their persistence and the number of technological innovations we have today, this industry has flourished and thrived to become one of the most significant boosters of the global economy in the 21st century.
When it comes to offshore outsourcing, the Philippines is one of the countries in Asia that are leading in the industry. There are a lot of factors why multinational corporations realize the potential of the country in the BPO industry, and one of which is the significantly lower costs of production and labor.
Technology has played a big role in helping enterprises lower the cost of their operations through BPO companies. With the help of advanced communications technology, professionals from opposite sides of the world are now able to connect and do business. And as technology keeps evolving, so do the need for businesses to keep up with the pace.
In doing so, businesses need to find the balance between adopting the latest technologies and keeping costs down. Choosing an outsourcing company in the Philippines is a great option to meet that balance.
This infographic proves why the Philippines is an ideal choice for businesses who want to expand through business process outsourcing. It provides figures based on studies and research that show how the BPO industry has become one of the biggest contributors to the country’s economy and other important factors that make it the perfect place for foreign investments to grow.