Electronics Production |
Global Slowdown Hits Outsourcing
The total value of outsourcing contracts in the first three months of 2007 fell by a third to $17.6 billion, the lowest first-quarter figure in five years.
According to a Silicon.com report, the worldwide outsourcing market is experiencing a slowdown, with the total value of contracts awarded in the first quarter of 2007 down by a third compared to the corresponding period last year. The quarterly figures from outsourcing advisors TPI show the total value of outsourcing deals signed in the first three months of the year was $17.6bn, compared to $25.4bn a year earlier - the lowest first quarter figure for five years.
One of the reasons for the slowdown is the fall in the number of US companies outsourcing their IT. The TPI figures show a dramatic drop of 70 per cent in the value of US outsourcing contracts for the first quarter of 2007 to $5.2bn.
Read the full report on Silicon.com.
